ITC04 return reagading filling

Dear Ankur

Whether loss of 20kg is due Manufacturing Process ????

yes due to mfg. loss

No. That is not an intention of the law and lawmakers. ITC on normal wastage need not be reversed.

& As per Section 143(5) of CGST Act : Any waste & scrap generated during the Job work may supplied by the job worker directly from his business place of Business on payment of Tax , if such Job Worker is Registered or by Principal if job worker is Not Registered.

Its a normal loss in terms of the manufacturing process. Hence for 20kg (Scrap or wastage) Can be deal as per section 143(5)

Sir,

We are the manufacturing unit, we have sent raw materials & semi-finished goods to the job worker from our end. But we have issue DC only, not mentioned the tax amount in it. In ITC-04, it is mandatory for filling tax amount, how will we file ITC 04?

While removing your goods to Job worker in your DC there is no need of mentioning details of Tax. But while filing ITC04, it is mandatory to show the tax details

 

I have attached the format of ITC 04 for your reference, have look

Okay Sir,

Our Job workers have some closing stocks of our material. If I will show the Outward & Inward quantities with tax, remaining tax amount will be on ITC-04. How it will be treated? Is it to be reversable or not? Make clear me.

can you please elaborate your question

My question, is the showing tax amount in ITC-04 is liable to pay?

itc-04 is an intimation of details or information

if you are principle supplier who usually send goods to job worker

you are required to file itc-04
not to make payment, just to declaring the information to avail input tax credit

Thank you for your response Sir

Sir,

for your information, the due date of ITC-04 submission is extended up to 31st-Aug-2019

Sir, Is there any need to show the Semi-finished goods transactions? (or)  is enough to show the Inputs / Capital goods only?