Excise Return Applicablity, Central Excise

[Rudrayani Shedjale]

Hello

i have a query. currently we were filing ER3 exsie returns. but in the f.y.2014-15 our local turnover has reached up to 4 crores. do we have to file the same kind of returns even now or we need to file ER1 returns?

please advise.

Posts / Replies

[Rajagopalan Ranganathan]

Sir,

Since you have crossed the limit of 4 Crore, you have to file E.R. 1 return every month on or before 10th day of the month following the month to which the return pertains.

[Rudrayani Shedjale]

Dear Sir

Many thanks for this information.

The local turnover(excluding export) has crossed the amount of 4 crore in the f.y. 2014-15.

according to previous form of return filing we need to file return for the Qtr Jan 2015 to March 2015.

shall we file the same i.e.ER3 return for Qtr-IV for f.y.2014-15 and start to file the ER1 return from April 2015??

will you please expedite?

[Rajagopalan Ranganathan]

Sir,

It depends on the date of crossing the limit of 4 Crores. Suppose you cross the limit during September, then you have to file monthly return for September in Form E.R. 1. For July and August you can file in Form E.R. 3 indicating in the remarks column that since you have crossed 4 Crores limit in September you are filing monthly return in Form E.R.1 from September onwards.

[Rudrayani Shedjale]

we have crossed the LOCAL turnover limit of 4 crores in the month of Jan 2015.

so now we have to pay any penalty? (there is no tax liability though)

[Naveed S]

You now need to file monthly returns from april 2015

[Rudrayani Shedjale]

ok. thanks a lot to both of you.