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burning loss during job work

Padam Jain (accounts manager) (30 Points)

09 July 2017

in GST, how we will treat a burning loss of material during the job work process

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Madhukar N Hiregange (Chartered Accountant) (39039 Points)
Replied 09 July 2017

Job Work- Buring Loss: When sending the goods for process the expected quality to be returned as per the conversion factor could be determined and indicated. In the stock register the quantity sent and expected quantity to be recived back No need to reverse any duty due to normal burning loss which is a part of the process. 2 columns in register maintained one for quatity and next qty to be recved back. In reamkrs the conversion factor due to burning loss maybe mentioned.