ITC 04 Issue..

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.

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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!

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