The effective implementation of any tax law requires strict action against tax offenders. It is important for businesses to understand various compliances and implications for non-comply with various rules under GST. To encourage compliance with India's new GST tax regime, the government has come up with a three-pronged approach: Interest, Monetary Penalties, and Prosecution.
To ellaborate we have also explained briefly in a pictoral form and link of the same is given below:
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Co - Author: Purvi Chitalia
Jobwork means any treatment or process undertaken by a person on goods belonging to another registered person. Jobwork is required to carry out the process specifies by principle manufacturer on the goods supplied by him.This article relates to transitional provisions (jobwork transactions) under GST
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