ICAI Releases Revised Handbook on Job Work Under GST

The Income Tax Department has released a revised handbook on job work under the Goods and Services Tax (GST) regime.
The revised handbook provides updated guidelines and clarifications on various aspects of job work under GST.
Key updates:
• Clarifications on taxable supplies made by job workers
• Guidelines for treatment of input tax credit
• Amendments to the Model GST Laws, 2016
The revised handbook is now available for download on the ICAI website.
Impact: Businesses operating under the GST regime will need to review and update their processes in line with the revised guidelines.