Relaxation in filing of Form GST ITC-04 effective from 1.10.2021
Earlier GST ITC -04 Quarterly declaration for input or capital goods sent or received from Job worker. Following are the recommendations in the Press release dated 17.09.2021, regarding GST ITC-04.
| Annual aggregate Turnover in preceding financial year | Period of filing after notification | Prior to council meeting |
| Above 5 crores | Once in Six months | 25th day of month following the quarter |
| Upto 5 crores | Annually | 25th day of he month following the quarter |
Notification no. 35/2021-CT, dated 25.09.2021 has been issued in support of the above mentioned relaxation in filing of Form GST ITC-04 in Press release
Rule 45(3) has been amended w.e.f. 1.10.2021 in this the filing period of Form GST ITC-04 which was required to be filed quarterly has been changed depending on the Annual aggregate turnover of the principal and explanation to this sub rule has been inserted which tells the time of filing the form.
| Annual aggregate turnover of the principal in the immediately preceding financial year | Periodicity of filing form | Coverage of months |
| Upto 5 crores | Annually | April to March |
| Above 5 crores | Once in six month | 1st day of April to 30st September
1st day of Oct to 31st March |
