Namit (Student) 30 June 2020
A registered taxpayer has sent goods on jobwork basis to unregistered job worker and received it back.Now while filing form ITC 04 what is to be mentioned in taxable value column and rate of tax column?
Mayank Gadiya 30 June 2020
The value of the goods and the tax rate applicable for such goods. These details are for keeping a track that goods are received back within 1 year. If not received, these values would be considered for demanding tax as it would become deemed supply.