We want to partially process (Job) the material from third party.They will only partially process the material and clearance of final product will done by our Company. What is treatment under GST Act.
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Job work of matarial
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As per section 19 of CGST Act, 2017, the principal manufacturer can avail credit on input tax paid on inputs sent to job worker. The principal manufacturer can even avail credit on goods which are directly supplied to job worker.
IF GST IS ON LABOUR CHARGES THEN SUCH PORTION WILL BE ON RCM BASIS
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