ITC 04 FILING

[Asked by Guest]

WE ARE SENDING THE RAW MATERIALS TO JOB WORKER FOR THE PROCESSING FINISHING GOODS, AFTER PROCESSING WE ARE RECEIVED THE FINISHED GOODS. IN ITC 04 TABLE 04 WE ARE UPDATED RAW MATERIALS SENT TO JOBWORKER. HOW CAN WE UPDATE RAW MATERIALS RECEIVED FROM JOBWORKER IN TABLE 5

[SHIVKUMAR SHARMA]

If goods not received in the Same quarter.you can fill the Details in Table 5 of ITC 4 of Next Quarter in which goods received from job worker.

[DR.MARIAPPAN GOVINDARAJAN]

I endorse the views of Shri Shivakumar.

AI Summary

Input tax credit reporting: goods received from a job worker must be reported in ITC 04 Table 5 in the quarter of receipt.
Raw materials sent to a job worker are reported in Table 4 of ITC 04; materials received from the job worker are reported in Table 5. If goods are not received in the same quarter, the details for goods received must be filled in Table 5 of the ITC 04 return for the quarter in which the goods are actually received.