Jobwork Valuation

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Munisami (Querist)
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13 January 2021 We are Job worker, we are doing assembly process in that some components add in assembly process, my query is what is the taxable value, whether we consider value of material supplied by principal for taxable vale or not

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 January 2021 Such job works are exempt from GST when materials are supplied by principal.
If job worker wants to raise tax invoice exclude material supplied by principal.

Munisami

Munisami (Querist)
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13 January 2021 Thank you sir, Is this Interstate transaction also taxable value exclude the material supplied by principal

Munisami

Munisami (Querist)
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13 January 2021 Thank you sir, Is this Interstate transaction also taxable value exclude the material supplied by principal

Read more at: https://www.caclubindia.com/experts/jobwork-valuation-2829579.asp

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 January 2021 In case of free supply exclude for interstate also for calculating taxable value.
For Eway bill such material should be included.

Lekhraj sood

Lekhraj sood (Expert)
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13 January 2021 No, you need not consider material value in your supply value (job work charges only).

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