Home Forum Goods and Services Tax - GST Month 7 2021 2021 (7) This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Value of goods received for job work for E way Bill - Goods and Services Tax - GSTExtract ONE CAPITAL GOODS MACHINE STOPPED WORKING,SAME IS DISCARTED AS SCRAP, ONE JOB WORKER, GIVE COMMITMENT TO REPAIR. THE GOODS SENT TO JOB WORKER WITHOUT E WAY BILL AS SCRAP COST IS NEGLIGABLE SAY 35 RUPEES. THE DELIVERY CHALLAN ISSUED WITH NIL VALUE. JOB WORKER REPAIRED THE GOODS WITH FOLLOWING INPUT USED 50,000/- SERVICE CHARGES 25000/- NOW AT THE TIME OF SENDING GOODS TO PRINCIPAL MANUFACTURER JOB WORKER ISSUED E WAY BILL FOR VALUE ( 0 VALUE MENTIONED IN DELIVERY CHALLAN + INPUT USED 50,000+SERVICE CHARGES 25,000/- = TOTAL 75,000/- BUT WHEN THE GOODS WAS REPAIRED ITS MARKET WORTH IS 10,00,000/-WHICH CAN BE VALIDATED WITH INITIAL SUPPLY OF GOODS. SO WHAT SHOULD BE THE VALUE OF GOODS FOR E WAY BILL. IN 2ND SEEN, IF AT THE TIME OF SENDING GOODS FOR REPAIR FROM PRINCIPAL MANUFACTURER THE VALUE OF GOODS DECLARED AS PURCHASE PRICE (ACTUAL VALUE OF GOODS) SAY 1 LAC THE JOB WORKER REPAIR THE GOODS USING INPUT WORTH 10,000/- AND SERVICE CHARGES CLAIM AS 10,000/-. NOW, IF THESE CHARGES TO BE ADDED IN GOODS VALUE, THEN GOODS VALUE IS MORE THEN MARKET VALUE. INDUSTRY CAN USE ANY VALUE FOR THE PURPOSE OF E WAY BILL, AS NO DUTY INVOLVEMENT FOR JOB WORK. TRANSPORTER ALSO REQUIRE THE SUPPORTING OF VALUE DECLARED AT THE TIME OF BOOKING. SO WHAT VALUE SHOULD BE DECLARED BY JOB WORKER.
|