Hello
Under business scenario, it is required to sent machine for repair at
vendors work station say electric motors etc for rewinding.
Are such repairs shall be called as job work transactions and are subject to report under statement ITC04?
Thanks
No..... since the there is no movement of Goods from principal to Jobworker place hence no need report such transactions in ITC 04 .
As per Section 143 , read with Rule 45 of CGST Act , the inputs sent by principal to Jobworker under cover of challan & details of challan in respect of goods despatch & reced. back shall be reported in Form ITC 04
So if the Goods is not Sent , the challan cannot be Issued .
NO NEED TO REPORT SUCH TRANSACTION IN ITC 04
CAclubindia
