13/2017- Central Tax (Rate) so as to notify services under reverse charge and @9% for other restaurants, reduce rate of job work on “handicraft goods” Note: If a service is not exempted from GST or if the GST rates are not provided, then the default GST rate for services of 18% would be applicable. 1/2017- Central Tax (Rate) so as to notify CGST rate of certain goods as and @ 9% for other restaurants, reduce rate of job work on “handicraft goods” @ 2.5% HANDBOOK ON JOB WORK UNDER GST AND UPDATED GST RATES: HANDBOOK ON JOB WORK UNDER GST (GST TLC) eBook: KUMAR, SUMIT, THE
2 Feb 2020 If goods meant for job-work belong to the registered person (Principal), GST is applicable @12%, otherwise @18%. This is the present legal
23 Nov 2019 In nutshell, it is clarified that the GST rate applicable to residue job worker services provided to registered persons [other than those specified in (i) 8 Nov 2017 Exporters are hopeful that the Goods and Services Tax (GST) Council will decide in favour of bringing about a uniform rate of GST on job work 6 Oct 2017 The Council also rationalised GST rates on 12 job work services: # Job work services in relation to all products falling in Chapter 71 (including 7 Aug 2017 Reduction in the goods and services tax (GST) rates on job work of textile yarn and fabric manufacturing to 5% from 18% will give a boost to the
25 Nov 2019 11/2017-Central Tax (Rate) dated 28-06-2017 inserted with effect from 01-10- 2019, prescribes 12% GST rate for all services by way of job work
1/2017- Central Tax (Rate) so as to notify CGST rate of certain goods as and @ 9% for other restaurants, reduce rate of job work on “handicraft goods” @ 2.5% HANDBOOK ON JOB WORK UNDER GST AND UPDATED GST RATES: HANDBOOK ON JOB WORK UNDER GST (GST TLC) eBook: KUMAR, SUMIT, THE 25 Nov 2019 11/2017-Central Tax (Rate) dated 28-06-2017 inserted with effect from 01-10- 2019, prescribes 12% GST rate for all services by way of job work 23 Nov 2019 In nutshell, it is clarified that the GST rate applicable to residue job worker services provided to registered persons [other than those specified in (i)
CBIC has made the following changes in GST Rate in relation to Job Work vide Notification No. - 20/2019 -CT (R) Dated : 30 Sep 2019 Changes are effective from 1st October 2019.Changes in Rates are as follows:- i) For diamond related services * Rat
To reduce rate of GST from 5% to 1.5% on supply of job work services in relation to diamonds. To reduce rate of GST from 18% to 12% on supply of machine job work such as in engineering industry, except supply of job work in relation to bus body building which would remain at 18%. A job worker is required to register under GST only if its turnover exceeds 20 lakh (10 lakh in special cases) in a financial year. In case job worker is not required to register, the principal manufacturer (registered) should declare job worker premises as its own additional place of business. The job-work processes like machining, casting etc. amounts to manufacture, hence this job-work will attract GST @18%. So registered person has to differentiate/identify what job-work amounts to manufacture and what does not amount to manufacture. To reduce rate of GST from 18% to 12% on supply of machine job work such as in engineering industry, except supply of job work in relation to bus body building which would remain at 18%.’ Hence the intention is to lower the rates of tax on job-work services related to diamonds to 1.5% and related to machine job (except bus body building) to 12%.
Under GST regime,As per heading 9988 Service by way of job work in relation to- Printing in newspaper,Books, Journal, periodicals will be taxable at the rate of 5% and In any other case it will be taxable at the rate of 18%.
9 Jan 2020 The GST council further reduced the GST rate on the engineering job work from 18 % to now 12% while the diamond supply job work is now 25 Nov 2019 As per the CBIC clarification, if a service provided by the way of treatment or processing on the goods that belong to another registered person 25 Nov 2019 11/2017-Central Tax (Rate) dated 28 June, 2017 inserted w.e.f. October 1, 2019 prescribing 12% GST rate for job-work services; Explains that, Check out the GST slabs rates in India and list of all items at Wishfin. Crude and petroleum product transportation; Job work for footwear and leather goods. 13/2017- Central Tax (Rate) so as to notify services under reverse charge and @9% for other restaurants, reduce rate of job work on “handicraft goods” Note: If a service is not exempted from GST or if the GST rates are not provided, then the default GST rate for services of 18% would be applicable.