Ours is a clothing brand. Complaince for trading part of the business is easy to udnerstand and complete but it's the job work part where we are getting stuck regualrly.
Could anyone please guide me? Or a proper consulatation is also doable for me.
We send fabric to 3rd party manufacturers (job worker) - either directly from fabric vendor under bill-to-ship-to OR sometimes from our office.
I want to know the proper acocunting for this job work part of the business. The major issue is that fabric sent is completely unplanned, meaning, many fabrics are dispatched to job-worker in one time which is used in multiple different SKUs. Also exact consumption is not known until the end of the fabric. Hence, we cannot link one single delivery challan to one specific receipt.
Just yesterday, i got to know about ITC-04 return. is that vaid for our business? if yes, then how can we comply with it keeping in mind the above limitations regarding unplanned dispatch of fabrics.