https://www.taxtmi.com/article/detailed?id=16253 Scrap generated in job work transactions is relevant under GST because it has economic value and may be retained, adjusted against job work charges, or sold to third parties. The principal ordinarily remains the owner of inputs and the scrap arising from them unless there is a clear transfer. When scrap is retained by the job worker as part of consideration, the arrangement involves non-monetary consideration and constitutes a supply. If scrap is sold, the supplier is determined by ownership at the time of supply, and proper invoicing and documentation are essential under the principle that substance prevails over form. en-us Wed, 22 Apr 2026 08:48:07 +0530 Wed, 22 Apr 2026 08:48:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16253 Scrap generated in job work transactions is relevant under GST because it has economic value and may be retained, adjusted against job work charges, or sold to third parties. The principal ordinarily remains the owner of inputs and the scrap arising from them unless there is a clear transfer. When scrap is retained by the job worker as part of consideration, the arrangement involves non-monetary consideration and constitutes a supply. If scrap is sold, the supplier is determined by ownership at the time of supply, and proper invoicing and documentation are essential under the principle that substance prevails over form. Articles Goods and Services Tax - GST Wed, 22 Apr 2026 08:48:07 +0530 https://www.taxtmi.com/article/detailed?id=16253