Maintenance of accounts: principal bears responsibility for job-work inputs and capital goods records under GST compliance. Maintenance of records for job work inputs and capital goods falls on the principal, who must keep proper accounts evidencing receipt, use, return or ... Summary
Maintenance of accounts: principal bears responsibility for job-work inputs and capital goods records under GST compliance.
Maintenance of records for job work inputs and capital goods falls on the principal, who must keep proper accounts evidencing receipt, use, return or disposition of inputs and capital goods in the GST job-work context, ensuring compliance with applicable documentary and tax-recording requirements.
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