Dear Experts, Please tell me the difference between stock transfer and job work under GST.
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Quick Summary
This discussion clarifies the distinction between 'job work' and 'stock transfer' under GST. Job work involves sending goods for processing with the intention of receiving them back, as defined in the CGST Act. Stock transfer, conversely, is the movement of goods between taxable or non-taxable persons where the goods are not returned. The conversation also delves into practical aspects, such as creating invoices and e-way bills for job work involving an out-of-state job worker.
Job work means transfer of goods from principal to job worker on return basis after completion of job work .Job work is define under section 2(68) of the CGST act .
Stock transfer means transfer of goods from one Taxable person to another Taxable person or non taxable person , where the goods are not return .
Dear Sir, mujhe goods wapis mangane hain than according to you main job work ki category mein aata hu. lekin sir ek question aur hain yahan par job worker bhi main hi hu jo ki outside state hai. yahan par main goods bhejte waqt aut wapis mangate waqt invoice kaisa banaunga with eway bill. Sir please tell me and thanks
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