I am a dealer in ready made garments. I buy textiles from Mumbai , send it to Bangalore for stitching , bring it to Kerala and sell in Kerala. Since sending goods for stitching is a Job work , I have to file ITC 4. In Mfg to JW portion I have to furnish , description of goods , UQC, ie METERS and quantity In JW to Mfg portion also I have to furnish description of goods , UQC, ie METERS and quantity My query is in JW to Mfg portion whether the details of raw materials to be furnished ( ie detals of tetiles send ) or details of finished goods ( ie ready made garments) to be furnished
filing ITC 04
MATHEWS ZACHARIAS
ITC-04 filing requirements clarify whether job-work entries record raw materials or finished goods, extension granted for past period. Whether the JW to Mfg portion of ITC-04 should record the raw textiles sent for job work or the finished ready-made garments returned is queried; the form has distinct Mfg to JW and JW to Mfg entries requiring description, UQC and quantity. The forum reply did not address the reporting distinction but announced an administrative extension of the filing deadline for the relevant past period. (AI Summary)
TaxTMI
TaxTMI