We have a query regarding Latest GST Notification No 22 for Job Work
We are doing Job work of laser cutting of iron Sheets..
a) Sometimes we provide iron ourselves and charge cost of iron (18%) and job work separately on the invoice.
b) sometimes iron is supplied by client and we do job work only and we charge job-work on invoice..
My query is in above case whether GST rate would be 18% or 12%..
Debate on GST Rate for Laser Cutting: 12% if No New Product, 18% if Manufacturing Involved. A discussion on the Goods and Services Tax (GST) rate applicable to job work involving laser cutting of iron sheets reveals differing opinions. One party asserts that if the process does not result in manufacturing, the GST rate is 12%, referencing circulars and notifications. Another contributor emphasizes understanding whether a new product emerges from the process; if so, the rate is 18%. Additionally, the GST rate varies based on whether the goods belong to a registered or unregistered person, with 12% for registered and 18% for unregistered owners, depending on the specific job work criteria. (AI Summary)
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