alleryStart learning →For job work, the word input is stated to include:
AFinished consumer goods
BIntermediate goods too
COnly raw materials
DOnly packing material
Answer & Solution
Correct answer: B. Intermediate goods too
The explanation says input includes intermediate goods arising from treatment or process by the principal or job worker.
Keep practising Liability to Pay in Certain Cases
Browse all Liability to Pay in Certain Cases questions for CA Final, or explore more Indirecttaxlaws topics.
Related questions
Which section covers liability when a company is in liquidation?Which section makes a firm and its partners jointly liable for tax?Which section deals with liability of directors of a private company?Which section of the CGST Act lays down the job work procedure?Inputs go direct from supplier to job worker. Credit is:The principal can claim input tax credit on inputs sent to a job worker:Inputs not back from job work in a year are deemed supplied:Who is responsible for keeping proper accounts of goods sent for job work?