Form GST ITC–04 contains details of the inputs or capital goods sent to and received back from such a job worker. This form is required to be filed by the registered manufacturers/Principal sending inputs or capital goods on job work every quarter.
The Form GST ITC-04 must be furnished on or before 25th day of the month succeeding the quarter and accordingly such form for the quarter July,2020 to Septemebr,2020 was required to be furnished by 25th October,2020.
However vide Notification No. 87/2020–Central Tax dated 10-11-2020 the time limit for furnishing the declaration in FORM GST ITC-04, in respect of goods dispatched to a job worker or received from a job worker, during the period from July, 2020 to September, 2020 has been extended till the 30th day of November, 2020.
The Notification No. 87/2020-Central Tax shall be deemed to have come into force with effect from the 25th day of October, 2020.
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Frah Saeed is a law graduate specializing in the core field of indirect taxes and is the Co-founder of taxwallah.com. She has authored many publications on GST and is into full-time consultancy on GST to big corporates. She as a part of taxwallah.com heads a team comprising of Chartered Accountants and Advocates and plays a key role in our mission to disseminate GST knowledge to all.
