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GST APPLICABLE ON JOBWORKER, Goods and Services Tax - GST |
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GST APPLICABLE ON JOBWORKER |
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Our company receives Plastic masterbatch from registered dealers for grinding and polishing as job work. After job work we return the material to the party. Pl advise the GST applicable rate, can get ITC or not , SAC code. Posts / Replies Showing Replies 1 to 5 of 5 Records Page: 1
You are liable to pay GST on the processing charges you receive from the customer.
SAC 998898 GST rate 18% with certain conditions and exemptions.
I endorse the views of Shri Kasthuri Sethi.
In terms of S.No. 3 of Schedule II to CGST Act, any treatment or process which is applied to another person's goods is a supply of services. Thus even if some material is used by you in job-work, your activity is supply of service with GST payable on consideration received by you and under SAC Code as mentioned in reply of experts above.
Yes you. Are liable for. Gst at 18% Page: 1 Old Query - New Comments are closed. |
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