Dear sir... please give me answer.
At the time of supply of goods to a Job work, how to value? When goods removed as such, what is the value? Such goods are sending with payment of GST because those goods will come after 1 year only.
Menu
valuation for supply of goods on job work
Replies (3)
The goods sent to job work under the exemption route
is 1 year of being sent out (for inputs) and 3 years of being sent out (for capital goods).
Therefore, if the inputs/ capital goods are returned to the principal after 1 year/ 3 years
(as applicable), then such return of goods to the principal after the said period would be
treated as ‘supply’. This time limit is not applicable to moulds and dies, jigs, fixtures
So Confirm its inputs goods or Capital Goods
Dear Ravi sir,
inputs only... It is considered as supply. but how to calculate the value? Cost +110%? or purchase cost? there is no transaction value also.
inputs only... It is considered as supply. but how to calculate the value? Cost +110%? or purchase cost? there is no transaction value also.
Cost based value (Rule 4) apply for correct transaction value
Recent Threads
- December Heat, Beach Plans, and Finding Ways to Co
- Heard & Seen Around – Your Daily Economi
- Gst interest and penalty doubts regarding missing
- Import of goods IMS telated
- ITR 6 submitting Problem
- Partnership Firm Closure Process
- Why the Costing Department Is Important ?
- Difference in efiling portal and intimation order
- Income tax challan correction
- AGM WITH SHORTER NOTICE
Related Threads
CAclubindia
