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Decoding GST: Job Work vs. Manufacturing Services

In this article, we will explore the concepts of job work and manufacturing services in the context of Goods and Services Tax (GST). Although these terms may seem similar, they are distinct concepts with different classifications and tax rates. Let’s dive into the details. Under Goods and service tax act, the terms ‘job work’ and ‘manufacture’ have been separately defined under Section 2(68) and Section 2(72) respectively of the CGST Act, 2017............. Read More