ITC 04 for Job work
This query is : Resolved
28 June 2025
Respected Experts
Kindly let me know the implication for not filling of ITC 04 as we do not know for the same.
If now I start to file the same for last 3 to 4 year than any panelty is there ?
Kindly advise
Kindly let me know the implication for not filling of ITC 04 as we do not know for the same.
If now I start to file the same for last 3 to 4 year than any panelty is there ?
Kindly advise
15 July 2025
Respected Experts,
Please advise. Now it will be urgent. Please
Please advise. Now it will be urgent. Please
12 August 2025
Implications of Not Filing ITC-04:
Legal Requirement:
Filing ITC-04 is mandatory for reporting goods sent to job workers when the value exceeds Rs. 50,000 in a financial year (per CGST Rule 45).
Consequences of Non-filing:
Non-compliance can attract penalty under GST law.
Penalty may be up to Rs. 10,000 or an amount equal to tax involved, whichever is less (Section 122 of CGST Act).
Potential adverse scrutiny during GST audit or assessments.
Filing ITC-04 for Past Periods:
GST law does not explicitly prescribe penalty for delayed filing of ITC-04, but it is considered a compliance requirement.
You should ideally file the ITC-04 for past years as a voluntary compliance to avoid future notices.
Late filing may attract penalty or interest if it leads to tax discrepancies or detection by authorities.
Best Practice:
File the missing ITC-04 statements immediately for the last 3-4 years.
Maintain proper records and reconciliation with the job worker's inward supplies.
Legal Requirement:
Filing ITC-04 is mandatory for reporting goods sent to job workers when the value exceeds Rs. 50,000 in a financial year (per CGST Rule 45).
Consequences of Non-filing:
Non-compliance can attract penalty under GST law.
Penalty may be up to Rs. 10,000 or an amount equal to tax involved, whichever is less (Section 122 of CGST Act).
Potential adverse scrutiny during GST audit or assessments.
Filing ITC-04 for Past Periods:
GST law does not explicitly prescribe penalty for delayed filing of ITC-04, but it is considered a compliance requirement.
You should ideally file the ITC-04 for past years as a voluntary compliance to avoid future notices.
Late filing may attract penalty or interest if it leads to tax discrepancies or detection by authorities.
Best Practice:
File the missing ITC-04 statements immediately for the last 3-4 years.
Maintain proper records and reconciliation with the job worker's inward supplies.
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