Itc-04

273 views 4 replies

Hello Experts!

We are publishing concern. We send paper for jobwork and get books back. We are not claiming ITC as books are nil rated. Is it still required to file ITC-04?

We have not done it so far. How many businesses are actually submitting this form? Some of them I ask don't even know what this form is. Will this form be also cancelled like GSTR2? Will this form be present in the revised returns being planned?

Submitting it now would require crazy amount of work and we are already stretched out with this GST.

Please share your thoughts!

Regards

 

Replies (4)
As per Circular 38/2018
The principal is required to file Form ITC – 04 every quarter furnishing the details of challans in respect of goods sent to a job worker or received from a job worker or sent from one job worker to another job worker by 25th day of the month succeeding the quarter
what is penalty for late filing of ITC-4
ITC 04 WILL NOT CANCEL,..... AS ITS MANDATORY , YOU SHOULD FILE IT (BUT WITH LATE FEE)
suppose we have not field itc04 thane what action govt taken.

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