ITC 04 Issue..

ITC / Input 515 views 4 replies
We have sent goods to job work in 5 lots and the job worker sent the goods in one lot... So in ITC 04. its asking the original Challan no against the Received lot.... How can i show these 4 lots that is sent against the one lot that is received
Replies (4)
ITC doesn't refer to the document issued by the job worker. Where multiple lots sent for job work and received back in single lot, the same may be recorded as 4 entries in ITC 04

This form is half-baked and does not account for many such practical situations!

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.

==================================

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!

What amt to be mentioned as taxable value & Qty if we records 4 different entries agst on lot?


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