JOURNAL ENTRY OF GOODS RECEIVED FOR JOB WORK CHRGES
This query is : Open
07 January 2010
SIR,
WE HAVE RECEIVED GOODS FOR JOB WORK AND ISSUE A BILL FROM SALE BILL FILE AT VAT 4%.
CAN YOU SUGGEST
1.) IT IS SALE OR JOB WORK INCOME
2.) WHETHER VAT IS CHARGED ON JOB WORK INCOME OR NOT.
3.) IS IT WRONG TO ISSUE JOB WORK BILL FROM SALE BILL FILE OR NOT.
PLZ REPLY................../
WE HAVE RECEIVED GOODS FOR JOB WORK AND ISSUE A BILL FROM SALE BILL FILE AT VAT 4%.
CAN YOU SUGGEST
1.) IT IS SALE OR JOB WORK INCOME
2.) WHETHER VAT IS CHARGED ON JOB WORK INCOME OR NOT.
3.) IS IT WRONG TO ISSUE JOB WORK BILL FROM SALE BILL FILE OR NOT.
PLZ REPLY................../
07 January 2010
1. It is sale if the material is purchased by you. If the material is provided by the party then you are charging fo labour only which is not subject to VAT but to service tax.
07 January 2010
2. On job work charges, service tax is applicable.
3. You can use the same bill book but there should be separate column for labour charges. and if service tax is applicable then also for service tax.
3. You can use the same bill book but there should be separate column for labour charges. and if service tax is applicable then also for service tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Gift Received from nonblood relative
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Putting a heading on received mail
- Reprocessing of rectification order AY 2025-26
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Consolidated financials
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
