Finally, Clarification on the GST rates on job work – Circular No 126 Dated 22-11-2019

0
1271

Finally, Clarification on the GST rates on job work – Circular No 126 Dated 22-11-2019

Summary of the Circular :
12% GST is levied only job work services which are provided by way of treatment or processing undertaken by a person on goods belonging to another registered person.
On the other hand, 18% GST is levied only on such services which are carried out on physical inputs (goods) which are owned by persons other than those registered.

LEAVE A REPLY

Please enter your comment!
Please enter your name here