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The Goods and Services Tax ( GST ) portal has enabled two new facilities for filing Form GST ITC-04 in the official portal to furnish the details of the goods/ capital goods sent to the job worker and received back or supplied from the premises of the job worker. The existing form had been amended vide Notification No. 39/ 2018 – Central Tax, dated 4.09.2018. 

Form GST ITC-04 is a quarterly form. It must be furnished on or before 25th day of the month succeeding the quarter. 

Job work means processing or working on raw materials or semi-finished goods supplied by the principal manufacturer to the job worker. This is to complete a part or whole of the process which results in the manufacture or finishing of an article or any other essential operation. The principal manufacturer will be allowed to take credit of tax paid on purchase of goods send on job work subject to certain conditions. 

Further, the portal has updated the facility to file application for the cancellation of registration and filing clarifications by GSTPs With this, normal/Composition/ SEZ Developer/ SEZ Unit/ Casual Taxable Person/ ISD/ NRTP users can now select a GST Practitioner for Filing of Application for Cancellation of Registration. 

Also, UN Body/Embassy/ONP users can now select a GST Practitioner for filing clarifications on issues raised by a tax official on their registration application. 

The GSTP can save draft of the application. The taxpayer/ users and GSTP would be able to work on the drafts of the application, saved by either of them.

Published On : 05-08-2019

Source : Tax Scan

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