ITC-04 - July Sept-17

[unni kv]

Dear Sir,

We are in the Man Made Fabrics Manufacture and Exporter without Payment of Integerated Tax

Exporting under LUT. We are regularly filed GSTR3B and GSTR1 filed till Oct 2017 and also

applied for Refund of accumulated ITC through GST RFD-01A through portal till Oct. 2017. No refund

received till date.

We are get it done job works by sending our input like yarn, fabrics etc to outside agencies/persons for conversion, printing/embroidery and most of these agencies are unregistered and we are paying GST on Job work charges under RCM and claim ITC.

My query is in the above case whether we need to submit ITC-04 or not and if not submited ITC-04, the ITC on RCM is allowable or not.

regards

kvunni.

 

AI Summary

Man-made fabric exporter must submit ITC-04 for job work under Rule 45(3); claims input tax credit via RCM. A manufacturer and exporter of man-made fabrics, operating under a Letter of Undertaking (LUT) without paying integrated tax, inquired about the necessity of submitting ITC-04 for job work transactions. They regularly file GSTR-3B and GSTR-1 and have applied for a refund of accumulated input tax credit (ITC) but have not received it. They send inputs like yarn and fabrics to unregistered agencies for job work, paying GST on these charges under the Reverse Charge Mechanism (RCM) and claiming ITC. The response clarified that ITC-04 is required to be submitted as per Rule 45(3).