gst on job work related to textiles
On 5th aug council meeting GSt reduced from 18% to 5% on Textiles job work related to man made yarn. I want to know whether GST RATE IS NOW 5% ON DYEING JOB OF MAN MADE YARN earlier it was 18%.
AND what will be GST rate ON PACKING AND CHECKING JOB, CLIPPING JOB WORK ON TEXTILES. because these job mostly used labour to do work.
GST Rate for Textile Job Work, Including Labor-Intensive Processes, Reduced to 5% from 18% A discussion on the Goods and Services Tax (GST) rate for textile job work, specifically man-made yarn, reveals a reduction from 18% to 5% following a council meeting. The query seeks clarification on whether this reduced rate applies to dyeing, packing, checking, and clipping jobs, which primarily involve labor. Responses indicate that all textile job work, including labor-intensive processes like packing, should be taxed at 5%, as labor and processes are integral to job work and cannot be segregated for different tax rates. The discussion emphasizes the comprehensive nature of job work in textiles. (AI Summary)
Goods and Services Tax - GST