in ITC 04 RETURN. 1)what will be the taxable value? when the job worker sends back the material to manufacture (principle). Pls clarify. Will it be original value or original value plus value added by job worker. 2)I textiles we are sending raw materials in kgs and receiving back finished goods in meters. in job work to manufacture page what will we enter ? we have supplied in kgs and receiving back in meters.
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Taxable value in itc 04 jw to mfg sheet
Replies (1)
1) taxable value will be the job working charges plus any material used under the contract of job work.
sorry I'm not.clear with question 2
sorry I'm not.clear with question 2
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