Due date for filing ITC-04 extended
The CBIC brought series of notifications on 10th November, 2020 to make several changes and amendments. One such notification has been brought by the CBIC to effect extension of due date of filing FORM GST ITC-04 for the quarter July, 2020 to September, 2020. FORM ITC-04 is required to be submitted by the principal manufacturer in respect of job-work on quarterly basis. To give interim relief to the industry, the due date of filing FORM GST ITC-04 has been extended from 25th October, 2020 to 30th November, 2020 for the period July, 2020 to September, 2020. The above extension has been made by Notification No. 87/2020 - Central Tax dated 10th November, 2020.
Notification No. 87/2020- Central Tax dated 10th November, 2020
"In pursuance of section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) and sub-rule (3) of rule 45 of the Central Goods and Services Tax Rules, 2017, the Commissioner, with the approval of the Board, hereby extends the time limit for furnishing the declaration in FORM GST ITC-04, in respect of goods dispatched to a job-worker or received from job-worker, during the period from July, 2020 to September, 2020 till the 30th day of November 2020. This notification shall be deemed to have come into force with effect from 25th day of October, 2020."
FORM ITC-04
FORM ITC-04 is required to be submitted by the principal manufacturer on quarterly basis. The principal manufacturer sends goods and receives back such goods back from job-worker on the basis of delivery challans. The details of such challans is required to be submitted in the FORM ITC-04in respect of the following:-
(a) Goods dispatched for job work to a job-worker or
(b) Goods received from a job-worker or
(c) Goods sent from one job-worker to another
Due date of FORM GST ITC-04
ITC-04 is required to be filed on a quarterly basis. It must be filed on or before 25th day of the month succeding the quarter. For example, for the July-Sep. quarter, the due date is 25th October. However, in respect of Quarter July-Sep. 2020, the due date has been extended to 30th November, 2020 by virtue of Notification No. 87/2020- Central Tax dated 10th November, 2020.
