Add Job work sector constitutes a significant industry in
Indian economy. It includes outsourced activities that
may or may not culminate into manufacture. The term
Job-work itself explains the meaning. It is processing
of goods supplied by the principal. The concept of
job work already exists in Central Excise, wherein
a principal manufacturer can send inputs or semifinished goods to a job worker for further processing.
Many facilities, procedural concessions have been
given to the job workers as well as the principal
supplier who sends goods for job work.The whole
idea is to make principal responsible for meeting
compliances on behalf of the job worker on the goods
processed by him (job worker), considering the fact
that typically the job- workers are small persons who
are unable to comply with the discrete provisions of
the law.
The GST Act makes special provisions with regard to
removal of goods for job-work and receiving back the
goods after processing from the job worker without
payment of GST. The benefit of these provisions shall
be available both to the principal and the job workerYour Heading Text Here
