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ITC 4

Umesh Gupta (44 Points)

14 March 2018

Who is liable to file ITC 04 kindly explain

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7 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14803 Points)
Replied 14 March 2018

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 .

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Umesh Gupta (44 Points)
Replied 14 March 2018

ITC 04 in GST

Anmol Singla (808 Points)
Replied 14 March 2018

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

Aashish Sachdeva (839 Points)
Replied 14 March 2018

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.

prasad Nilugal ( GST Practitioner & Accounts ) (14803 Points)
Replied 15 March 2018

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

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Rahul Prajapati (Student) (2282 Points)
Replied 15 March 2018

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

prasad Nilugal ( GST Practitioner & Accounts ) (14803 Points)
Replied 15 March 2018

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.