what is gst rate on Labour supply contract in textiles. presently all job related to textiles cover in 5% from 05.08.2017.
gst on job work related to textiles
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GST rate on textile job work hinges on service classification; packing and checking follow separate HSN treatment. Question addresses the applicable GST rate on labour/job-work contracts in textiles; a respondent cites classification code 998513 and indicates that textile job-work services attract a higher GST rate rather than the lower rate previously applied. Packing and checking tasks performed within textile job work are components with separate HSN entries and must be treated according to their specific classification rather than being intermixed when determining GST treatment. (AI Summary)
TaxTMI
TaxTMI