Please guide me
if my client is having sales of gold and silver ornaments above 1 crore hence he is taxable under vat.
and he is also having jobwork income of rs. 7 to 8 lacs approx per year
and paying for jobwork expenses approx 4 to 5 lacs.
now my question is that whether he will be liable to collect gst on his jobwork income?
and also liable to pay gst on jobwork expenses for unregistered jobworker as per reverse charge method?
i heard that if he is sending goods for jobwork and that goods come back to the business place within 6 months or 1 year then that expense will not be liable for reverse charge gst.
CAclubindia
