Special Provisions for Job Work under GST Act
Discover the special provisions outlined in Sections 143 and 19 of the GST Act for the removal and return of goods in job work scenarios. Learn about intimation processes, tax implications, responsibilities of principal manufacturers, and more.
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Presentation Transcript
1 JOB WORK CA MUKUND CHOUHAN Mumbai & Surat mukundchouhan@gmail.com
Job Work. [Sec. 143 and Sec.19] 2 Section 143 of GST Act make Special Provision for removal of goods to Job Worker Intimation for sending input /Capital Goods. The Principal manufacturer shall intimate for sending the input / CG to Job Worker, without payment of duty. Input / C.G. can again sent by one Job Worker to another Job Worker Bring back input and Capital Goods, after completion of Job Worker within one year and three year, respectively of their being sent out. Other than moulds and dies, jigs and fixtures or tools. mukundchouhan@gmail.com
3 Job Work. [Sec. 143 and Sec.19] Principal manufacture can supply such inputs and C.G. after completion of Job Work, within one year or three years respectively. Remove from the premised of Job Worker within India, on Payment of Tax. Export the input / C.G. with or without payment of Tax. If the Job Worker is unregistered, then Principal has to declare the place of business of the Job Worker, as his additional place of business before removing input / C.G. from the premises of Job Worker. The responsibility for keeping proper account shall lie with the principal Manufacture. mukundchouhan@gmail.com
4 Job Work. [Sec. 143 and Sec.19] If input /C.G. goods not received back within time then it shall be deemed as taxable supply by Principal to Job Worker, on the day said input were send to Job Worker. Any waste and Scrape generated during the Job Work May be Supplied by Job Worker an payment of tax Or by Principal, if Job Worker is unregistered. Dispatch of Input /CG to Job Worker under Challan as per Draft Sale 10 of the input Tax Credit Rules. mukundchouhan@gmail.com
Job Work. [Sec. 143 and Sec.19] 5 Contents of Challan [ Draft Rule 10(2) of ITC Rules ] Draft & Number, Financial Year wise Name address and GSTIN of the Consignor, if registered. Name, address and GSTIN of the Consignee HSN Code and description of Goods. Quantity Taxable value Tax rate and Tax amount [ CGST, SGST, IGST ] Place of Supply, in Case of inter-state movement Signature mukundchouhan@gmail.com
Job Work. [Sec. 143 and Sec.19] 6 Details of Challan for dispatch and receipt, shall be declared in Form GSTR-1 furnished for the period. [Rule 10(3)of ITC] Challan shall be treated as invoice, when inputs / C.G are not returned back within the stipulated period [Rule 10 (4) of ITC] mukundchouhan@gmail.com
THANK YOU mukundchouhan@gmail.com 9377744546 CA. MUKUND CHOUHAN mukundchouhan@gamil.com
