When should a job-worker take registration?
When should a job-worker take registration?
The correct option is A Only if his aggregate turnover exceeds the threshold limits specified under Section 22 of the CGST Act, 2017
As per
Section 2(68) of the CGST Act,
2017, “Job work” means any treatment or process undertakes by a person
on goods belonging to another registered person.
The registered individual on
whose goods (inputs or capital goods) job work is performed is called Principal
as per section 143 of CGST Act. The registered principal may without the reward of
tax sends inputs or capital goods to a Job worker for job work and if required
from there then to another job worker.
Once the conclusion of the job work principal shall either bring back the
goods to the place of business or supply the same straight from the place of
business/building of the Job worker. If input within 1 year and
Capital goods within 3 years.
Thus, the correct option is B.
As per Section 2(68) of the CGST Act, 2017, “Job work” means any treatment or process undertakes by a person on goods belonging to another registered person.
The registered individual on whose goods (inputs or capital goods) job work is performed is called Principal as per section 143 of CGST Act. The registered principal may without the reward of tax sends inputs or capital goods to a Job worker for job work and if required from there then to another job worker.
Once the conclusion of the job work principal shall either bring back the goods to the place of business or supply the same straight from the place of business/building of the Job worker. If input within 1 year and Capital goods within 3 years.
Thus, the correct option is B.
