Chartered Accountant in Practice
1260 Points
Posted on 06 June 2024
Correct rate of GST on job work (where the principal is registered) is 12%.
You may refer Circular 126/45/2019-GST dated 22.11.2019. Read para 2 along with para 4 of the circular.
Further, there is no ITC restriction. ITC can be availed fully.