REQUIRE TO USE BOTH CHALLAN FOR JOBWORK I.E. 57F4 AND 214/86
This query is : Resolved
03 June 2011
We require to despatch material to our vendor for jobwork which he will return us after complition of jobwork, but when we approch him he told us to despatch along with both challans i.e. 57f4 as well as 214/86, can it be really need to supply the material along with both the challan, pls advice.
04 June 2011
nope.
57F4 challans are meannt for materials on which duty input credit has been availed, and for balance 214/86
if goods are partially input credit taken and partially not, then 57F4 will suffice.
57F4 challans are meannt for materials on which duty input credit has been availed, and for balance 214/86
if goods are partially input credit taken and partially not, then 57F4 will suffice.
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