https://www.taxtmi.com/caselaws?id=361691 Processing atmospheric air, industrial water and electricity into industrial gases for a principal amounted to job work because the activity involved treatment or process on goods belonging to another registered person, and the output remained the principal's property under the commercial arrangement. The supply was valued under transaction value because the parties were not related and the agreed job work charges were the sole consideration. As the value could be determined under the transaction value rule, alternative valuation provisions were not required. en-us Wed, 21 Mar 2018 00:00:00 +0530 Sat, 01 Mar 2025 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361691 Processing atmospheric air, industrial water and electricity into industrial gases for a principal amounted to job work because the activity involved treatment or process on goods belonging to another registered person, and the output remained the principal's property under the commercial arrangement. The supply was valued under transaction value because the parties were not related and the agreed job work charges were the sole consideration. As the value could be determined under the transaction value rule, alternative valuation provisions were not required. Case-Laws GST Wed, 21 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361691