Important Keyword: Notification 59/2018, ITC-04 extension, GST ITC-04 due date, job work GST notification, CGST Rule 45, Section 143 GST, GST job work return, ITC-04 filing India, GST notification October 2018
Words: 895 Read time: 5 minutes.
Table of Contents
[F. No. 349/58/2017- GST (Pt.)]
Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes and Customs
New Delhi, the 26th October, 2018
Notification No. 59/2018 – Central Tax: Seeks to extends the time limit for furnishing the declaration in FORM GST ITC-04 for the period from July, 2017 to September, 2018 till 31st December, 2018.
GST: [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]
G.S.R… (E). - 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 (hereinafter referred to as the said rules), and in supersession of the notification of the Government of India in the Ministry of Finance, Department of Revenue No. 40/2018-Central Tax, dated the 4th September, 2018, published in the Gazette of India,
Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 832(E), dated the 4th September, 2018, except as respects things done or omitted to be done before such supersession, the Commissioner, hereby extends the time limit for furnishing the declaration in FORM GST ITC-04 of the said rules, in respect of goods dispatched to a job worker or received from a job worker or sent from one job worker to another, during the period from July, 2017 to September, 2018 till the 31st day of December, 2018.
(Gunjan Kumar Verma)
Under Secretary to the
Government of India
📚 Frequently Asked Questions (FAQs): Notification No. 59/2018 – Central Tax
Q1: What is Notification No. 59/2018 – Central Tax?
Answer:
It is a GST notification issued on 26 October 2018 extending the deadline for filing FORM ITC-04 for the period July 2017 to September 2018 until 31 December 2018.
Q2: What is FORM GST ITC-04 used for?
Answer:
It is used to report:
Goods sent for job work
Goods received back
Goods transferred between job workers
This is required under Section 143 of the CGST Act and Rule 45(3).
Q3: Which period was covered under this extension?
Answer:
The extension applied to the period:
July 2017 to September 2018. 59
Q4: What was the new due date after this notification?
Answer:
The new due date was:
31 December 2018. 59
Q5: Which earlier notification was replaced?
Answer:
It superseded Notification No. 40/2018 – Central Tax. 59
Q6: Who needs to file FORM ITC-04?
Answer:
Businesses that:
Send goods to job workers
Receive goods from job workers
Transfer goods between job workers
Q7: Is ITC-04 required for service job work?
Answer:
No.
ITC-04 is required only for goods, not for services.
Q8: What happens if ITC-04 is not filed?
Answer:
Possible consequences:
ITC may be questioned by the department
Goods may be treated as supply
Tax liability may arise
Q9: How often must ITC-04 be filed?
Answer:
Currently:
Filing frequency depends on turnover and applicable rules.
Many businesses file it half-yearly as per later amendments.
Q10: What is the legal basis for this extension?
Answer:
The extension was issued under:
Section 168 of the CGST Act, 2017
Rule 45(3) of CGST Rules, 2017. 59
Q11: Does this notification affect regular GST returns?
Answer:
No.
It only affects the ITC-04 form related to job work transactions.
For regular GST returns, use:
https://finodha.in/gst-return-filing/
Q12: Can a small manufacturer ignore ITC-04?
Answer:
No.
If goods are sent for job work, filing ITC-04 is mandatory regardless of business size.
Consider professional help with Finodha GST Compliance:
https://finodha.in/gst-compliance/
Q13: What if goods are not returned within the allowed period?
Answer:
Under Section 143:
Inputs must be returned within 1 year
Capital goods within 3 years
Otherwise:
It is treated as a supply
GST becomes payable
Q14: Is ITC-04 linked to e-way bills or returns?
Answer:
Yes, practically:
Details should match e-way bills
Should align with GSTR-1 and stock records
Mismatch may trigger notices.
Q15: How can I correct mistakes in ITC-04?
Answer:
You can:
Correct in the next ITC-04 filing cycle
Maintain proper reconciliation
For accurate filings, use:
https://finodha.in/gst-return-filing/
Download PDF: Notification No. 59/2018 – Central Tax
More Information: https://taxinformation.cbic.gov.in/
Read more interesting articles:
