CBIC clarifies on reduced GST rate applicable on job-work services

CBIC clarifies on scope of notification entry at item (id) under Heading 9988 of Notification No. 11/2017-Central Tax (Rate) dated 28 June, 2017 inserted w.e.f. October 1, 2019 prescribing 12% GST rate for job-work services; Explains that, entry at item (id) covers only job work services as defined in section 2(68) of CGST Act, 2017, that is, services by way of treatment or processing undertaken by a person on goods belonging to another registered person; On the other hand, t...