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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?

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.


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