ITC O4 APPLICABLE TO MANUFACTURER

[pk singhal]

SIR

ITC O4 FORM APPLICABLE TO MANUFACTURER WHO SEND INPUT AND RECEIVED OUTPUT FROM JOB WORKER. BUT WHEN A TRADER SEND TO GREY FABRICS TO PROCESS HOUSED AND RECEIVED BACK DYEING PROCESS GREY FABRICS FROM PROCESS HOUSE. WHETHER HE REQURIED TO FILE ITC 04. BECAUSE HE SEND GOODS ON JOB CHALLAN AND RECEIVED BACK ON JOB CHALLAN.

[KASTURI SETHI]

There is no word 'Manufacturer' in ITC-04. As per Section 143 (1), the word is, 'a registered person' .

[unni kv]

Thanks sir, whether this ITC 04 is linked with ITC on GST paid by us on Job works through RCM ?

[Ganeshan Kalyani]

Yes it is linked.

AI Summary

ITC-04 applicability: applies to registered persons for job-work of fabrics and links to input tax credit under reverse charge. Whether ITC-04 must be filed for grey fabrics sent to and returned from a job worker is addressed by noting the return applies to a registered person (not specifically a manufacturer) and that filing is linked to claiming input tax credit on GST paid for job-work services accounted for under the reverse charge mechanism.