We have job work charges outstanding as 1,00,000 and job worker sold scrap on our behalf worth 18000 + gst and has the amount.
Can we raise debit note and reduce ac payable by 18000 in name of job worker against 1,00,000 job charge? Is it valid?
Or
Do I need to raise invoice for sale of scrap to job worker?
Thanks.
In my view you has to raise Sale invoice, because the scrap is your asset and not an out-come of the deficeincy of job work.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
