TaxTMI 
TaxTMI 
Our company receives Plastic masterbatch from registered dealers for grinding and polishing as job work. After job work we return the material to the party. Pl advise the GST applicable rate, can get ITC or not , SAC code.
GST APPLICABLE ON JOBWORKER
24 Jul 2017 
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Supply of services: job work processing attracts GST and is taxable on processing charges under service classification.
Job work consisting of treatment or processing of another's goods is a supply of services under Schedule II; GST is payable on the consideration received for the processing charges and the activity should be classified under the applicable service accounting code with standard taxable treatment and conditional exemptions. The availability of input tax credit was raised but not definitively answered in the responses, so taxpayers should check relevant notifications and conditions before claiming ITC. (AI Summary)
Job work consisting of treatment or processing of another's goods is a supply of services under Schedule II; GST is payable on the consideration received for the processing charges and the activity should be classified under the applicable service accounting code with standard taxable treatment and conditional exemptions. The availability of input tax credit was raised but not definitively answered in the responses, so taxpayers should check relevant notifications and conditions before claiming ITC. (AI Summary)