If it is a proper supply of goods then it value would be 11000/-
Itc 04
What will be the taxable value need to mention while material return from Job worker to manufacturer. In other words, taxable value will be same value that sent to job worker or transportation and job work service charges to be included. for eg., Value of material sent to job worker say 10000, transportation 400 & job work charges 600. In this case what is the taxable value while returning material either Rs.10,000/- or Rs.11,000/- Please help me the query with relevant provisions. rgs CA TRINADHA RAO HYDERABAD
Asked 5 years ago in GST
Could you answer please !
Asked 5 years ago
Taxable value will be inclusive of job work charges.
( 1. if the job worker is not registered than he will be considered as a unit of manufacturer thus final value of goods will be considered as its taxable value on removal from place of Job work.
2. If job worker is registered than the taxable value of goods which he will be providing you is just like he provides to any other person hence it will also include all other charges. )
Dear Sir,
Hope you are doing well !!
The taxable value will be inclusive of job worker charges.
The value would be Rs 11000/-.
As per some earlier notification and FAQ the value to be mentioned is 11000.
Hi
Thr value of those goods or services are required to be included in the value of taxable supply which are recoverable from the principal.
Since such amount of 1000 shall be payable by you, it will be added.
The value shall be 11000.
Dear Sir,
The taxable value will be inclusive of job worker charges i.e. Rs. 11000/-.
Hi
While returning material,taxable value should be inclusive of job work charges,So in this case it will be 11000.
Hope it helps
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