27 Points
Joined November 2017
Let me substantiate why ITC-04 is a half-baked form. Some common scenarios where this form does not work:
Scenario 1
Principal sends input goods A to jobworker on issue challan 1.
Principal sends input goods B to jobworker on issue challan 2.
Principal receives single finished goods C from Jobworker on receive challan 1.
Scenario 2
Principal sends input goods A to jobworker on issue challan 1.
Principal sends input goods B directly from supplier to jobworker on issue challan 2
Principal receives single finished goods C from Jobworker on receive challan 1.
Scenario 3
Principal sends input goods A to jobworker on issue challan 1.
Principal sends input goods B to jobworker on issue challan 2
Principal sends input goods C to jobworker on issue challan 3
Principal receives finished goods D from Jobworker on receive challan 1 which is made out of part of input goods A and entire input goods B.
Principal receives finished goods E from Jobworker on receive challan 1 which is made out of part of input goods A and entire input goods C.
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These are common scenarios in most businesses.
In all these cases, it is not possible to give a single original challan number.
Hence the GSTN should update this form, suspend it for the previous and current years and implement it from 2019-2020.
Thanks for reading!