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ITC-04 date extension

Sahil Ahuja (Accountant) (73 Points)

09 November 2020

What is due date of ITC-04 Q2 this year?Is due date of ITC-04 for Q2 of current F.Y. has been extended or not?

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Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 10 November 2020

It's 25/10/2020 , (as not being extended)

Moreover there is no late fees mentioned in the GST law for ITC-04. Although, the ITC-04 is a tool for informing the commissioner of job work transactions, therefore suggest to file at the earliest.

Yes penalty u/s 125 may be made applicable, although, it could be litigated and waived off for procedural non-compliance.

Shivam RC (Student) (23683 Points)
Replied 11 November 2020

As per Notification No. 87/2020 - Central Tax, dated 10th November 2020, the due date for furnishing of FORM GST ITC-04 for the period July - September 2020 [ Q2 of FY 21 ] has been extended till 30th November 2020.