Ad-Free CAclubindia and daily updates on your mobile. Subscribe Now!

ITC 04

Rajat Khanna (86 Points)

24 December 2017

Why is it mandatory. I hv already claimed ITC on job work in 3b. Then what if I dont file ITC 04. Please guide

Reply
Follow
Share

4 Replies

VIKAS SAINI (1157 Points)
Replied 24 December 2017

ITC o4 returns mandatary to file all taxpayers WHO send the good For job work

Upgrade to CAclubindia Pro. Subscribe Now!

Rajat Khanna (86 Points)
Replied 24 December 2017

Thats alright brother but why this when I have already paid the tax in 3b. Moreover if GSTR2 starts again these details ll b submitted as well. Why ITC04 now. Also some of my knowns r saying tht they r nt going to fill it. I am in dilemma.

Vasu Goyal (61 Points)
Replied 24 December 2017

when u send goods fo job work there is a supply involved in it. although this supply has been exempted if the goods are returned with in the prescribed period. To keep a record that all the goods you send out of your premises without levying the tax are received on time ITC-04 is required.