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Labour Job income or Sale turnover under GST
We are a manufacturing unit and are registered under GST. We carry out whole Labour Job process on raw material provided to us by our Contract parties. We convert them into finished goods ready for sale. Will it be treated as Labour Job income or Sales turnover in our books ?Will the answer be same if the raw material is purchased by our company on behalf of the contract party for Labour Job process ?
Replies (2)
your work is considered as job work and 18% rate will be applicable over the charges you charged to the raw material owner.
It will be treated as supply if you purchase rawmaterial on your own . Amount will be the total bill charged on the recipient of good and rate will be applied according to Nature of Product made
for more information you can contact
kunalkansalca @ gmail.com
+919464741473
It will be treated as supply if you purchase rawmaterial on your own . Amount will be the total bill charged on the recipient of good and rate will be applied according to Nature of Product made
for more information you can contact
kunalkansalca @ gmail.com
+919464741473
Thankyou Sir.
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