Dear All,
As per 22nd GST council Meet press note, The Job work rate has been slashed from 15% to 5% on certain type of Job work which was not covered earlier by notification 11/2017, dated 28/06/2017
Notification in this regards is awaited.
Sr.No | Particulars | Old Rate | New Rate |
1 | Job Work for Pearls , Strung mounted or Set | 18% | 5% |
2 | Job work in precious metals other than Jewelry | 18% | 5% |
3 | Job work for imitation jewelry | 18% | 5% |
4 | Job work services in relation to all products falling in chapter 71 (except mention in notification 11/2017, which was already in 5%) | 18% | 5% |
Thanks and Regards
CA Aditya Shinde
V.P.Shinde&Co.
Chartered Accountants
www.shindecom.com
aditya@vpshinde.com