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JOB WORK PROCEDURES

Goods and Services Tax - GST - By: - CA.VINOD CHAURASIA - Dated:- 5-9-2017 Last Replied Date:- 10-9-2017 - Introduction: This article discusses in detail about including the following: Concept of Job work Registration & its nature under GST Related ITC provisions & rules Monthly & Quarterly Reporting and Transition provisions. What is Job work ? As per section 2(68) of CGST Act, Job work means any treatment or process undertaken by a person on goods belonging to another registered pe .....

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worker for an initial process, intermediate process, assembly, packaging or any other completion process & later may supply such goods to its customers or use in any other his manufacturing process. The goods sent for job work may be raw material, components parts, semi finished goods & even finished goods. The resultant goods could be with the same characteristics or with the variations of the product sent for job work. Registration Job work has been considered to be a service as per th .....

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er of the principal. Job work procedure - Sec. 143 1. A registered person (i.e. Principal ) may send any inputs, or capital goods, without payment of tax, to a job worker for job work and from there to subsequent job worker and likewise and shall: a) bring back to any of his business place without payment of tax: Capital Goods other than mould & dies, Jigs & fixtures, or tools - within 3 years; Input Goods- within 1 year or b) after completion of job work, he may supply the finished good .....

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ork. 3. If the inputs or capital goods are: not received back; or supplied / sold from the premises of the job worker by the principal within the time limit prescribed as above, then it shall be deemed to have been supplied by the principal to the job worker on the FIRST Day when such goods sent out. {However, this condition does not apply to moulds and dies, jigs and fixtures or tools sent to a job worker for job work . Section 19(7)} 4. Any waste and scrap generated during job work may be supp .....

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of inputs, semi finished goods or capital goods sent to job worker: from principal s own place of business; or directly from the place of the supplier of such goods without being first received at the premises of the principal. The principal need not wait till the inputs are first brought to his place of business. But, 4 conditions as specified under rule 45 are to be complied with Condition 1 - Delivery Challan (Rule -55) The inputs or capital goods shall be sent to the job worker under the co .....

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ce of supply and Signature Condition 3 - Reporting Monthly reporting in GSTR-1 in table no. 13 by the 10th of next month total number of delivery challans issued for job work their serial nos.( from - to) No. of cancelled delivery challans Net no. of challans issued Quarterly reporting in ITC-04 by 25th of next month following the quarter ended. Details of goods / capital goods sent to job worker Details of goods / capital goods received back from job worker Details of goods / capital goods sent .....

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rker (Sec 143). Effective date for goods send depends on place of business: If sent from principal s place of business- Date of goods send out If sent directly from the place of supply of the supplier of such good- Date of receipt by job worker. If the inputs or capital goods are not returned to the principal or otherwise supplied by the principal with in time as per section 143, such inputs or capital goods will be treated as supply from effective date and tax will be payable on such deemed sup .....

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hin the extended period of maximum 2 months), then no tax is payable. If such goods are not returned within prescribed time of 6 months (or within extended period of maximum 2 months), then input tax credit availed will be recovered as per sec. 142(8)(a). 3. However, no tax as above is not payable, if both the manufacture and the job worker declare the details of the input or goods held in stock by the job worker on behalf of the manufacturer on the appointed day i.e. 01/07/2017 in FORM GST TRAN .....

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