Dear sir... please give me answer.
At the time of supply of goods to a Job work, how to value? When goods removed as such, what is the value? Such goods are sending with payment of GST because those goods will come after 1 year only.
The goods sent to job work under the exemption route
is 1 year of being sent out (for inputs) and 3 years of being sent out (for capital goods).
Therefore, if the inputs/ capital goods are returned to the principal after 1 year/ 3 years
(as applicable), then such return of goods to the principal after the said period would be
treated as ‘supply’. This time limit is not applicable to moulds and dies, jigs, fixtures
So Confirm its inputs goods or Capital Goods
CAclubindia
