Attention GST Payers with AATO over ₹5cr: File FORM ITC-04 for Job Work Challans by April 25th 2024

Attention Goods and Services Tax ( GST ) payers with Annual Aggregate Turnover ( AATO ) more than Rs. 5 crores, only 2 days left for filing your Form ITC-04 for Job Work Challans in respect of Inputs/ Capital goods sent to a job worker or received from a job worker for the period of October 2023 to March 2024. Submit the form on or before 25th April 2024.

FORM ITC-04

Form GST ITC-04 is a declaration form to be furnished by registered persons ( Principal ), showing the details of inputs or capital goods dispatched to or received from a job worker in an applicable tax period.

HOW TO FILE FORM ITC-04

1. Access to www.gst.gov.in. The GST Home page is displayed. Login to the GST Portal with valid credentials. Click the Services > Returns > ITC Forms option.
2. The GST ITC Forms page gets displayed. Click the PREPARE ONLINE button on the GST ITC-04 tile.
3. Select the Financial Year and Return Filing Period from the drop-down list. Click the SEARCH button.

Note: Form GST ITC-04 is required to be filed on a quarterly basis for tax periods  until September 2021. However, with effect from 1st October, 2021, it is required to be filed on half yearly or annual basis depending upon the aggregate turnover of preceding financial year:

1. Those with an annual aggregate turnover of more than Rs.5 crore – Half-yearly from April-September- and October-March.
2. Those with an annual aggregate turnover of up to Rs.5 crore – Yearly from FY 2022-23

4. The Form GST ITC-04 page is displayed. Click on the relevant tile to enter related details.
5. Table 4. Details of inputs/capital goods sent for job work ( includes inputs/capital goods directly sent to place of business /premises of job worker )
6. Table 5A. Details of inputs/ capital goods received back from job worker to whom such goods were sent for job work; and losses and wastes
7. Table 5B. Details of inputs / capital goods received back from job worker other than the job worker to whom such goods were originally sent for job work; and losses and wastes
8. Table 5C. Details of inputs/ Capital goods sent to the job worker and subsequently supplied from premises of job worker; and losses and wastes.

Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates