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Job worker

Aashish Sachdeva (839 Points)

15 March 2018

If company registered in GSTIN sending good for JOB WORK. is any requirement of ANY GST RETURN etc

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8 Replies

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 15 March 2018

yes, ITC 04 is required to file quarterly

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Aashish Sachdeva (839 Points)
Replied 15 March 2018

if any person not filled then what is the consequence.......

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 15 March 2018

penalty 100 per day subject to max rs 5,000

Aashish Sachdeva (839 Points)
Replied 15 March 2018

under which section

bhawna kumari (25 Points)
Replied 15 March 2018

sending goods to job worker is not a supply. so no return compliance is to be done on transfer of goods.
infact services provided by such job worker in exchange of consideration is a supply of service.

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Aashish Sachdeva (839 Points)
Replied 15 March 2018

Mrs Bhawana what about ITC-4....

bhawna kumari (25 Points)
Replied 15 March 2018

yes ITC 4 is required to be filed for goods sent to job worker but it's not a supply hence no tax is payable on it. this form filing is just a procedural compliance containing details of goods sent so that govt can track it's return within the prescribed time from job worker's place.
ITC 4 is filed quarterly. it contains details of job worker and goods sent to him

Mukesh Sikarwar (Manager (Indirect Taxation)) (248 Points)
Replied 20 March 2018

Late filing of return attracts penalty. The late fee is Rs. 100 per day. (100 under CGST & 100 under SGST) Total will be Rs. 200 day. The maximum is Rs. 5,000. and interest has to be paid at 18% p.a.

ITC-04 is a quarterly return. It must be furnished on or before 25th day of the month succeeding the quarter.

Exp. :, Oct-Dec quarter, the due date is 25th Jan.

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