Material is received from a Principal Manufacturer by delivery challan in kg where the rate is say ₹ 50/kg. Jobwork is done on the same and is returned by delivery challan by the jobworker to the Principal Manufacturer. The value addition is say 7.5/kg by the jobworker. What should be the rate mentioned on the delivery challan Rs. 50 or ₹ 57.5 ?
The ewaybill requires value of goods. Raw material rate and processed goods rate are going to be different. Kindly enlighten on this issue with reasoning.
Valuation of Delivery Challans in GST: Reflect Processed Goods Value at 57.5/kg for Accurate E-Way Bill Compliance. A discussion on the valuation for delivery challans in the context of Goods and Services Tax (GST) involves a query about the appropriate rate to mention when goods are returned after job work. The principal manufacturer sends raw material at 50/kg, and the job worker adds value, making it 57.5/kg. Two responses clarify that the delivery challan should reflect the value of the processed goods, including the value addition by the job worker, resulting in a rate of 57.5/kg for the returned goods. This ensures the e-way bill accurately reflects the value of the goods. (AI Summary)
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