Procedure loan licensing and contract manufacturing(JOB WORK ) in pharma industry in GST Regime

[nandankumar roy]

Sir,

Pl help regarding Procedure loan licensing and contract manufacturing(JOB WORK ) in pharma industry in GST Regime with gst credit and debit procudure also. Any help will be highly appreciated.

With Regards,

N K ROY

9427181604

AI Summary

Pharmaceutical Loan Licensing and Contract Manufacturing: Understanding GST Procedures and Section 143 of CGST Act, 2017 A discussion on a forum addressed the procedures for loan licensing and contract manufacturing in the pharmaceutical industry under the GST regime. A user, seeking guidance on GST credit and debit procedures, received a response referencing the CGST Act, 2017. It was explained that the GST law lacks specific provisions for loan and licensee units, but these units can follow section 143 of the CGST Act for job-work contracts. This allows principals to send inputs without tax payment and clear goods if the units are declared as an additional place of business or are registered under section 25.