https://www.taxtmi.com/circulars?id=60818 Clarification on job work: job work is processing of goods owned by a registered principal who must maintain accounts and may send inputs or capital goods to a job worker without tax subject to conditions. The principal issues challans and files FORM GST ITC 04; e way bills apply as required. Supply made by the principal from the job worker's premises is treated as principal's supply and invoiced by the principal; the job worker invoices and pays GST for job work services if registered. Failure to return or supply within statutory periods causes deemed supply by the principal and tax (with interest) liability; ITC remains available to the principal and to a registered job worker. en-us Mon, 25 Mar 2019 00:00:00 +0530 Tue, 07 May 2019 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60818 Clarification on job work: job work is processing of goods owned by a registered principal who must maintain accounts and may send inputs or capital goods to a job worker without tax subject to conditions. The principal issues challans and files FORM GST ITC 04; e way bills apply as required. Supply made by the principal from the job worker's premises is treated as principal's supply and invoiced by the principal; the job worker invoices and pays GST for job work services if registered. Failure to return or supply within statutory periods causes deemed supply by the principal and tax (with interest) liability; ITC remains available to the principal and to a registered job worker. Circulars GST - States Mon, 25 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60818