https://www.taxtmi.com/article/detailed?id=5656 Job work involves processing raw materials supplied by another; tax liability depends on whether the process amounts to manufacture. If it does, Central Excise principles apply and duties may be avoided only when the principal furnishes the prescribed declaration and goods are returned or cleared as specified; if not, service tax may apply subject to exemptions. Principal manufacturers must follow Rule 4(5)(a) for cenvat credit, ensure return of goods within the stipulated period, maintain challans and job-work records, and monitor scrap/waste for duty and credit consequences. en-us Sat, 07 Jun 2014 11:04:21 +0530 Sat, 07 Jun 2014 11:04:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5656 Job work involves processing raw materials supplied by another; tax liability depends on whether the process amounts to manufacture. If it does, Central Excise principles apply and duties may be avoided only when the principal furnishes the prescribed declaration and goods are returned or cleared as specified; if not, service tax may apply subject to exemptions. Principal manufacturers must follow Rule 4(5)(a) for cenvat credit, ensure return of goods within the stipulated period, maintain challans and job-work records, and monitor scrap/waste for duty and credit consequences. Articles Service Tax Sat, 07 Jun 2014 11:04:21 +0530 https://www.taxtmi.com/article/detailed?id=5656