Form ITC 04
This query is : Resolved
29 November 2024
We are a gold manufacturer and dealer in gold and diamonds having a turnover of more than 5 Crores in a year. Usually, we send gold and diamonds to job workers (both registered and unregistered) to polish, repair diamonds, refine and make new gold ornaments and for Hallmarking. We are booking the melting, refining and new gold ornaments making charges and hallmarking charges in PandL.
For the above cases, we are dealing only with suppliers / job workers within the state.
Is it compulsory for us to submit ITC 04 half-yearly?
For the above cases, we are dealing only with suppliers / job workers within the state.
Is it compulsory for us to submit ITC 04 half-yearly?
29 November 2024
As a gold manufacturer and dealer with an annual turnover exceeding ₹5 crore, you are required to submit the ITC-04 form. This requirement is stipulated under the GST regulations for registered persons who send goods to job workers. You will need to file ITC-04 on a half-yearly basis.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
