https://www.taxtmi.com/caselaws?id=434358 AAR West Bengal ruled that a jewellery manufacturer's retention of 10 grams pure gold from 1000 grams provided by principal constitutes taxable supply. While 4% wastage was allowed by principal, applicant retained 1% (10 grams) before manufacturing commenced. AAR held this retention exceeded permissible wastage norms and cannot be treated as normal manufacturing loss. The retained gold's value must be included as non-monetary consideration under Section 15 GST Act, forming part of job work service value taxable at 5%. en-us Thu, 09 Feb 2023 00:00:00 +0530 Mon, 14 Apr 2025 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434358 AAR West Bengal ruled that a jewellery manufacturer's retention of 10 grams pure gold from 1000 grams provided by principal constitutes taxable supply. While 4% wastage was allowed by principal, applicant retained 1% (10 grams) before manufacturing commenced. AAR held this retention exceeded permissible wastage norms and cannot be treated as normal manufacturing loss. The retained gold's value must be included as non-monetary consideration under Section 15 GST Act, forming part of job work service value taxable at 5%. Case-Laws GST Thu, 09 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434358