Notification No. 78/2018 – Central Tax Explained

Want to File ITR, GST Returns & Pvt. Ltd. Registration

Notification No. 78/2018 – Central Tax: Seeks to extend the due date for furnishing FORM ITC-04 for the period from July, 2017 to December, 2018 till 31.03.2019.

[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 super cession of the notification of the Government of India in the Ministry of Finance, Department of Revenue No. 59/2018- Central Tax, dated the 26th October, 2018, published in the Gazette of India,

Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.1071(E), dated the 26th October, 2018, except as respects things done or omitted to be done before such super cession, 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, during the period from July, 2017 to December, 2018 till the 31st day of March, 2019.

(Dr. Sree Parvathy S.L.)
Under Secretary to the
Government of India

📚 Frequently Asked Questions (FAQs): Notification No. 78/2018 – Central Tax

Q1: What is Notification No. 78/2018 – Central Tax?

Answer:
It extends the due date for filing FORM GST ITC-04 for job work transactions.

Q2: What period does this extension cover?

Answer:
From July 2017 to December 2018.

Q3: What was the new due date?

Answer:
31 March 2019.

Q4: What is FORM ITC-04 used for?

Answer:
To report goods:
Sent to job workers
Received from job workers

Q5: Who must file FORM ITC-04?

Answer:
Registered manufacturers who send goods for job work.

Q6: Which rule requires filing of ITC-04?

Answer:
Rule 45(3) of the CGST Rules, 2017.

Q7: Why was the due date extended?

Answer:
To give taxpayers more time to reconcile job work data.

Q8: Does this affect GST returns like GSTR-1 or GSTR-3B?

Answer:
No. It only affects FORM ITC-04.

Q9: What happens if ITC-04 is not filed?

Answer:
Possible:
Notices from GST department
Penalties
ITC disputes

Q10: Is ITC-04 required even for small job work transactions?

Answer:
Yes, if goods are sent under job work provisions.

Q11: Can a taxpayer revise ITC-04 after filing?

Answer:
Corrections can be made in subsequent filings.

Q12: Do service providers need to file ITC-04?

Answer:
No. It applies mainly to manufacturers sending goods for job work.

Q13: Is GST registration required for job work reporting?

Answer:
Yes, registration is required.
👉 https://finodha.in/online-gst-registration/

Q14: How can businesses avoid ITC-04 compliance issues?

Answer:
Maintain job work records
Track dispatch and return
File ITC-04 on time

Q15: How can Finodha help with ITC-04 compliance?

Answer:
Finodha offers:
✔ GST registration
✔ ITC-04 filing support
✔ Return filing services
✔ Business compliance assistance
👉 https://finodha.in/gst-compliance/
👉 https://finodha.in/gst-return-filing/