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.

AI Summary

Do traders need to file ITC-04 for sending grey fabrics for dyeing under Section 143(1)? A discussion on a forum addresses whether a trader needs to file ITC-04 when sending grey fabrics for dyeing and receiving them back, using job challans. The initial query highlights the use of ITC-04 for manufacturers, but a response clarifies that the term used is 'a registered person' under Section 143(1), not specifically 'manufacturer.' Another participant inquires if ITC-04 is related to Input Tax Credit on GST paid through Reverse Charge Mechanism (RCM) for job works, and it is confirmed that there is a connection.