We are doing iron molding Job Work for one of the Glass Bottle manufacturing companies. We receive the parts of molds from the company outside the state against form-16. Value of parts as per company's challan is mentioned on the face of Form-16. After due processing we return the molds to the company and bill for Job Work Charges on them. After so many clean assessments, now Assessing Officer in Commercial Tax Department asks us to obtain the Form-F from the manufacturing company and submit the same to department for the job work transaction.
Please provide the inputs on applicability of Form-F for the job work transactions.
