ITC 4

IT4 is for  presumptive  income  form Busniess & profession , Who  have opted   section 44AD ,44ADA I think  even for Secction 44 AE  of the income tax act  1961  , please confirm .

ITC 04 in GST

it is to be filed by principal sending goods to job worker

FORM GST ITC-04 must be submitted by the principal every quarter. He must include the details of challans in respect of the following-

Goods dispatched to a job worker or

Received from a job worker or

Sent from one job worker to another


Its my personal opinion, if anybody have different view then views are welcome... thanks. Disclaimer: its not Professional Advice.

Ho ,so sorry Mr  Gupta  I thouhgt  ITR 4  Income tax  retrun .

ITC-04 is the form to be filled by manufacturers who deals with job-workers.

Every manufacturer who sends goods to his job worker, needs to send goods with a challan. Details of all such challans issued during a quarter needs to be filed using form ITC-04 before 25th day of month succeeding last quarter.He must include the details of challans in respect of the following-

1)Goods dispatched to a job worker or

2)Received from a job worker or

3)Sent from one job worker to another

 

As per secton 45 sub section 3  of the CGST rules 2017  - The details of challans in respect  of goods dispatched to a job worker or received  from JOB  worker  to another during a quarter shall be included in form  GST  ITC -04 furnished for that period on or before the 25th day of the month succeeding the said quarter.