Itc-04
This query is : Resolved
MANJUNATH KS
(Querist)
01 February 2018
Dear Experts,
We are manufacturers and getting job work also. Now we have to file ITC-04. We are sending material for further processing over DC by mentioning value (for Ex. Rs. 67 per component which includes raw material cost also) and the same is entered in ITC4 Mfg to_JW also.
Job worker will process components and send back the components with invoice. In their invoice, they charge only labour charges,per component (for Ex. Rs. 15/-) basis. Same is declared in ITC 04 JW-MFG
Since amount will not tally between out DC and Job workers invoice/dc, is there any problem for us ?
We are manufacturers and getting job work also. Now we have to file ITC-04. We are sending material for further processing over DC by mentioning value (for Ex. Rs. 67 per component which includes raw material cost also) and the same is entered in ITC4 Mfg to_JW also.
Job worker will process components and send back the components with invoice. In their invoice, they charge only labour charges,per component (for Ex. Rs. 15/-) basis. Same is declared in ITC 04 JW-MFG
Since amount will not tally between out DC and Job workers invoice/dc, is there any problem for us ?
Udaya Chandran
(Expert)
01 February 2018
When you send materials for job work, you need to mention SAC for job work and job cost only and not the materials cost.
Message likes :
1 times
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
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Import Order Cancelled.
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- GSTR-9C filing
- Urd purchase entry in tally prime
- Form 144 TDS Return Validation Error – Mandatory Fields
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
