5% GST Applicable On Value Of Part Of Gold Retained For Job Work: West Bengal AAR

The  West Bengal Advance Ruling Authority (AAR)  has ruled that the value of 10 grams of gold is included in the value of job work services and is subject to 5% GST. The bench of  Brajesh Kumar Singh  and  Joyjit Banik  has observed that the applicant retains 10 gm of pure gold on account of wastage, which is beyond the permissible limit of wastage in the nature of no…