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Impact of short receipt of material from job worker on GST Liability and ITC -04
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....mpact of short receipt of material from job worker on GST Liability and ITC -04<br> Query (Issue) Started By: - ACCOUNTS MANAGER Dated:- 8-3-2019 Last Reply Date:- 9-3-2019 Goods and Services Tax - GS....
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....T<br>Got 2 Replies<br>GST<br>Dear Experts, Good Afternoon....... I have query regarding short receipt of material against job work. For your reference I have provided you working table below. Annex....
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....ure No. Date From To Item sent Item Name Qty Sent Value UOM Received Qy Value UOM Remarks JANX18-19/0136 02-Jul-18 STORE-1 INDUS.XRAY PFLRAM00GPKN RAM : Packing 200 2,000 Kg 200 ....
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.... 2,000 Kg In this case 200 Qty send and 200 Received. Hence no issue of value and qty. JANX18-19/0137 03-Jul-18 STORE-1 SYNERGYINF WPLKWPG0GIN3 KWPG : Inspection 3 100 1,000 Kg 85 ???? K....
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....g But here there is short receipt then which value to be shown. And how to report Short Qty. of (15 KG) Kindly reply treatment of above transaction under ITC-04 return. And is there any GST liabili....
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....ty on short receipt of material by 15Kg.??? Regards, Devendrasinh Chauhan Reply By KASTURI SETHI: The Reply: As per Section 143(3) of CGST Act, it will be treated as supply and the supplier(Princi....
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....pal) will pay GST on such short receipt and it can be reflected in Serial No. 5(C) of ITC--04. Reply By Ganeshan Kalyani: The Reply: Applicable tax is payable on less quantity received from the job ....
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