ITC 04 Issue..

518 views 4 replies
We have sent goods to job work in 5 lots and the job worker sent the goods in one lot... So in ITC 04. its asking the original Challan no against the Received lot.... How can i show these 4 lots that is sent against the one lot that is received
Replies (4)
ITC doesn't refer to the document issued by the job worker. Where multiple lots sent for job work and received back in single lot, the same may be recorded as 4 entries in ITC 04

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.

==================================

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?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details