What is the Job Workers?
A Job Workers is the person who manufactures goods on behalf of some other person.
Suppose i have a factory. It is not necessary that all the manufacturing or processing is done by me. Some of it may be outsourced to some other person, like coloring, dyeing, repairing. This person is called Job Workers.
What is meant by Goods Sent Directly to Jobworker?
Suppose manufacturer purchases the goods from A LTD
He ask A LTD not to delivered to goods to him, but sent directly to the Jobworker, this is called goods sent directly to Job Worker.
In GST, Can the Manufacturer take input on Goods Received directly by Jobworker?
Input can be taken by Manufacturer on the Date Goods are Received by Job Worker
- However, it should be received by Factory or Sold from Job Worker premises within 1 year of Receipt of Goods
- If not received back or sold within 1 year, then it will be Deemed that Goods were sold to Job worker and duty will be paid on it to gather with interest
- This interest shall be calculated from date of receipt of goods
- This period is 3 years in case of Capital Goods
What are the time period of Return of Goods?
|Time Period for Return of Goods|
|Capital Gods||Three Years|
|Mould/Dies||Not applicable as these are consumed in Production|