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of <h1>Job worker challan, reporting and deemed supply rules: Rule 55, Section 143 and FORM GST ITC-04 compliance deadlines</h1> Inputs, semi-finished goods or capital goods sent to a job worker must be accompanied by a challan issued by the principal; where goods move between job workers the challan may be issued or endorsed by the sending job worker(s), and must contain details as per rule 55. Challan details for goods dispatched to or received from job workers must be reported in FORM GST ITC-04 for the specified period by the 25th day of the succeeding month (specified period: six-monthly for principals with prior year turnover > Rs.5 crore, otherwise the financial year). If goods are not returned within the time under section 143, they are deemed supplied by the principal on the date sent and must be declared in GSTR-1 with tax and interest payable. Capital goods include plant and machinery; valuation rules for exempt supplies of land, building and securities are prescribed.
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