- GST ITC 04 Form is used by GST registered taxpayers to file quarterly ITC04 return
- It is used to claim Input Tax Credit (ITC) and record details of goods sent to and received from job workers
- The form must be filed every quarter by the manufacturer (Principal)
- There is no late filing penalty for filing ITC 04 form after the due date
- A job worker is a person who executes an assigned job on goods manufactured by someone else
- The ownership of the goods remains with the Principal manufacturer
- The due date to file ITC 04 is on or before the 25th day of the month succeeding the quarter
Source: mastersindia.co
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
