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.

 

[KASTURI SETHI]

ITC-4 is required to be submitted in terms of Rule 45(3).

AI Summary

ITC-04 submission requirement: filing ITC-04 is mandatory for principals claiming ITC on job-work supplies paid under reverse charge.
ITC-04 filing is mandatory under Rule 45(3) where inputs or capital goods are sent out for job work and the principal claims input tax credit, including situations where job-work providers are unregistered and the principal pays tax under the reverse charge mechanism.