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As per the GST rules, material / capital assets send for the job work process at that time on delivery challan GST amount must be shown But GST should not be pay to government, as rules said that GST liability will be there only if material / capital assets send for the job work not returned within the time line prescribed by the government.
User requirement is just to calculate GST on gate outward form, there is no posting required in ledger for GST.
There will be no accounting treatment required.
There is one GST return called ITC-04, where we need to furnished details of inputs or capital goods dispatched or received from a job worker in a particular quarter.
The user requirement for this post is specifically for Fixed assets in Gate outward form having reference document type “RGP”, where we select fixed assets item code and create Returnable gate pass in the system but as per the GST rules GST information must be mentioned in Delivery challan document print and on Gate outward form there is no provision to calculate GST.
User requirement is just to calculate GST on gate outward form, there is no posting required in ledger for GST.
There will be no accounting treatment required.
There is one GST return called ITC-04, where we need to furnished details of inputs or capital goods dispatched or received from a job worker in a particular quarter.
The user requirement for this post is specifically for Fixed assets in Gate outward form having reference document type “RGP”, where we select fixed assets item code and create Returnable gate pass in the system but as per the GST rules GST information must be mentioned in Delivery challan document print and on Gate outward form there is no provision to calculate GST.
STATUS DETAILS
Needs Votes
Comments
It's really needed to send capital goods for jobwork out of the premises with delivery challan.
Category: Tax