TaxTMI 
TaxTMI 
ITC04 Return
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....TC04 Return<br> Query (Issue) Started By: - SANJAY JAIN Dated:- 1-8-2023 Last Reply Date:- 8-8-2023 Goods and Services Tax - GST<br>Got 7 Replies<br>GST<br>The supplier sent the goods in a container. The empty container will be returned by the buyer. Whether the movement of the container is required to be reported in ITC-04 return? Thanks in advance Reply By GUNASEKARAN K: The Reply: The Contain....
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....er used to send Inputs to job worker; Say Container is your tangible assets; 1. The job worker unload the inputs and send back the Empty Container immediately then not impact in Form ITC-04 - Since the container used for conveyance purpose. 2. The job worker kept the Inputs & Container (Capital Goods) for a period of time to complete the job work process and send back to the principal within a ....
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....period of time - Should be reported in ITC-04. Inputs - Within 180 days | Capital Goods - 3 Years Section 19 of the CGST Act, 2017 defines provisions in respect of ITC for inputs and capital goods sent for Job Work. The Principal or the registered person can claim ITC on inputs or capital goods sent to a job worker for Job Work. Furthermore, the Principal can also claim ITC if such inputs or ca....
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....pital goods are sent to the job worker for job work without being first brought to the place of business of the Principal. Thus, a Principal needs to report the details of the goods sent or received from a job worker during a particular quarter in Form GST ITC-04. Reply By GUNASEKARAN K: The Reply: Please ignore the time limit mentioned in my previous reply; Time limit for the principal manufa....
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....cturer to receive back the Inputs / Capital Goods; Inputs - 1 Year (The supply of the inputs to the job work shall be returned back to the Principal within a year) Capital Goods - 3 Years Reply By KASTURI SETHI: The Reply: I agree with the views of Sh.Gunasekaran K Ji. Reply By Ganeshan Kalyani: The Reply: The movement of container is not required to be reported in ITC 04. Reply By Shilpi J....
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....ain: The Reply: As per rule 138(14)(m) no eway bill is required for transportation of empty cargo containers. Also these containers are not goods on which any process or treatment is undertaken by the job worker. So there will not be any requirement of issuing delivery challan for this and thereby no need for reporting in ITC-04 Reply By Ganeshan Kalyani: The Reply: Agreed with the view of Ms.....
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.... Shilpi Ji. Reply By Padmanathan Kollengode: The Reply: Agreed with views of experts. It is not required to be reported in ITC-04.<br> Discussion Forum - Knowledge Sharing ....