FAQs
Form GST ITC-04
Overview
1. What is Form GST 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 a particular quarter.
The details of the following 4 types of transactions need to be furnished in GST ITC-04:
a) Inputs or capital goods dispatched to job workers in the quarter
b) Inputs or capital goods received back from job workers in the quarter
c) Inputs or capital goods sent from one job worker to another in the quarter
d) Inputs or capital goods supplied from the premises of job workers in the quarter
2. Who is required to file Form GST ITC-04?
A registered manufacturer (Principal) is required to file “Form GST ITC-04’ on a quarterly basis, if such person is sending any inputs or capital goods to a job worker (both registered and unregistered), without payment of tax and receives it back or sends it out to another job worker or supplies from the premises of job worker to a customer directly.
3. Is it mandatory to file Form GST ITC-04?
Yes, it is mandatory to file Form GST ITC-04 for a registered manufacturer (Principal), if he/she is sending any inputs or capital goods to a job worker and receives it back or sends it out to another job worker or supplies from the premises of job worker.
Modes of Filing Form GST ITC-04
4. What are the modes of filing Form GST ITC-04?
The Form GST ITC-04 can be filed either in online mode directly or by using offline excel utility.
5. From where can I as a taxpayer can file Form GST ITC-04 online and offline?
Taxpayer can access Form GST ITC-04 by navigating to Services > Returns > ITC Forms after logging into the GST portal.
For filing Form GST ITC-04 offline, you can click here to know more.
Due Date of Filing Form GST ITC-04
6. What is the frequency for filing Form GST ITC-04?
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.
7. What is the due date for filing Form GST ITC – 04?
ITC-04 was to be filled on a quarterly basis for tax periods until September 2021.. It had to be furnished on or before the 25th day of the month succeeding the quarter. For example, for the Jul-Sept quarter, the due date was 25th October 2021.
Those filing ITC-04 from October 2021 onwards are required to file it half yearly or yearly. If you have an annual aggregate turnover of more than Rs.5 crore, then you have to file it on half-yearly basis from April-September- due on 25th October and October-March- due on 25th April. If you have an annual aggregate turnover of up to Rs.5 crore, you have to file it annually from FY 2022-23 onwards due on 25th of the following month.
8. What is the late fee for filing Form GST ITC-04 after due date?
As of now, there is no late fee, penalty or interest for late filing of Form GST ITC-04.
Entering Details in Form ITC-04
9. What are the details required to be provided in GST ITC-04?
Details for following tables of Form GST ITC-04 are to be entered by registered persons (Principal):
a. Table 4: Details of inputs/capital goods sent for job-work both for registered and unregistered persons
b. 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 both for registered and unregistered persons
c. 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 both for registered and unregistered persons
d. Table 5C: Details of inputs/ Capital goods sent to job worker and subsequently supplied from the premises of job worker; and losses and wastes both for registered and unregistered persons
Preview & Filing Form ITC-04
10. Can I preview Form GST ITC-04 before filing?
No, there is no option to preview Form GST ITC-04 before filing.
11. What are the modes of signing Form GST ITC-04?
You can file Form GST ITC-04 using DSC or EVC.