Gvat value on from-f on interstate job work
kaialsh
(Querist) 09 October 2015
This query is : Resolved
Company ‘A’ is located at Silvassa, D.& N.H.(Purchaser)
Company ‘B’ is located at Vapi, Gujarat. (Job Worker)
Company ‘C’ is located at Mumbai, Maharashtra. (Seller of Raw Materials)
Company ‘A’ has appointed Company ‘B’, located at Vapi, Gujarat as a job worker. Company ‘C’ is the raw materials supplier. The moment of goods are as under:-
1. Company ‘B’ does job work for Company ‘A’.
2. Company ‘A’ order for the purchase of raw materials from the Company ‘C’ located at Mumbai.
3. Company ‘A’ instructed Company ‘C’ to directly deliver raw materials at the location of Company ‘B’
4. Company ‘B’ received raw materials from Company ‘C’.
5. Company ‘B’, process the raw materials so received and dispatch the semi finished goods to the Company ‘A’ along with jobwork bill and Form 402.
The query is:-
1. Whether Company ‘B’ is liable to issue Form F for the materials received for job work & which value show on form?
2. Whether Company ‘A’ is liable to issue Form F for the processed materials received from Company ‘B’? What should be the amount of Form ‘F’? (Whether cost of total materials only or cost of total materials + job work charges or just the amount of job work charges)
I shall be grateful for the reply.
Parveen Bansal
(Expert) 24 October 2015
1. There is sale transaction between Company A and Company C. Company A will raise the invoice and will receive Form C. In challan and sales invoice, Company B will be mentioned as consignee.
Company B will not be liable to issue F Form.
2. For processed material Company C will be required to issue F Form to Company A and value of the processed material will be cost of raw material plus job work charges.
