Itc-04

ITC / Input 195 views 4 replies
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27 Points Joined November 2017

Hello Experts!

We are publishing concern. We send paper for jobwork and get books back. We are not claiming ITC as books are nil rated. Is it still required to file ITC-04?

We have not done it so far. How many businesses are actually submitting this form? Some of them I ask don't even know what this form is. Will this form be also cancelled like GSTR2? Will this form be present in the revised returns being planned?

Submitting it now would require crazy amount of work and we are already stretched out with this GST.

Please share your thoughts!

Regards

 

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On 01 June 2018 at 20:10 Report
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GST Practitioner
55062 Points Joined June 2017
As per Circular 38/2018
The principal is required to file Form ITC – 04 every quarter furnishing the details of challans in respect of goods sent to a job worker or received from a job worker or sent from one job worker to another job worker by 25th day of the month succeeding the quarter
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On 01 June 2018 at 20:34
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chartered accountant
33 Points Joined November 2009
what is penalty for late filing of ITC-4
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On 01 June 2018 at 20:45
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GST Practitioner
55062 Points Joined June 2017
ITC 04 WILL NOT CANCEL,..... AS ITS MANDATORY , YOU SHOULD FILE IT (BUT WITH LATE FEE)
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On 01 June 2018 at 20:47
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1244 Points Joined June 2017
suppose we have not field itc04 thane what action govt taken.
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On 02 June 2018 at 09:39


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