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ITC 04

Rajat Khanna (86 Points)

24 December 2017

Why is it mandatory. I hv already claimed ITC on job work in 3b. Then what if I dont file ITC 04. Please guide

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4 Replies

VIKAS SAINI (1163 Points)
Replied 24 December 2017

ITC o4 returns mandatary to file all taxpayers WHO send the good For job work

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Rajat Khanna (86 Points)
Replied 24 December 2017

Thats alright brother but why this when I have already paid the tax in 3b. Moreover if GSTR2 starts again these details ll b submitted as well. Why ITC04 now. Also some of my knowns r saying tht they r nt going to fill it. I am in dilemma.

Vasu Goyal (61 Points)
Replied 24 December 2017

when u send goods fo job work there is a supply involved in it. although this supply has been exempted if the goods are returned with in the prescribed period. To keep a record that all the goods you send out of your premises without levying the tax are received on time ITC-04 is required.