FORM GST ITC-04 is to be filed by those Manufacturers (Principal) who send their Inputs or Capital Goods for Job-Work Process. FORM GST ITC-04 is to be filed quarterly, it is to be filed on or before the twenty-fifth day of the month succeeding the said quarter, however due date has been extended vide Notification Number 78/2018 – Central Tax dated 31st December, 2018 to 31st March, 2019 for the period beginning from 01st July, 2017 to 31st December, 2018.
FORM GST ITC-04 contains the details of challans in respect of Inputs and Capital Goods dispatched to a Job-worker or received from the Job-worker.
One must note that details of Goods sent from one Job-worker to another are NOT required to be disclosed in FORM GST ITC-04 which was required earlier (omitted vide Notification Number 74/2018 – Central Tax dated 31st December, 2018), also where oneto-one correspondence between goods sent for Job-work and Goods received back after Job-work is not possible, references of Original Challan date and Challan Number is not required to be disclosed in the return.
Separate details are required to be maintained with respect to quantity received from Job-worker to whom such goods were sent and with respect to quantity received from Job-worker other than the Job-worker to whom such goods were sent, also where Goods are supplied directly from the Place of Business of Job-worker corresponding details of Invoice Number and Invoice Date is to be mentioned in FORM GST ITC-04.
One crucial thing to note is that in FORM GST ITC-04 Taxable Value is to be provided only for Goods sent for Job-work and is Not required to be disclosed when such Goods are sent back to Principal.
VIDEO FOR GUIDE TO FILE THIS FORM ON GST PORTAL