Central Excise Annual Return, Central Excise

[venkat eswaran]

Dear all,

This years's Central Excise annual return to be filed by nov-16 is ready? when this will come into effect?

Thanks in advance

Venkat

Posts / Replies

[Ganeshan Kalyani]

The relevant extract from the Circular No. 1050/38/2016-CX dated the 8^th of November, 2016 is reproduced below for your reference .

2. In view of impending implementation of Goods & Services Tax (GST) it has been decided that, the aforesaid Annual Return shall not be required to be filed for the year 2015-16, which is due to be filed by 30.11.2016. After implementation of GST, Annual Return for non-GST goods only may be required. A final view on the same would be taken after due consultation with the trade.

In view of the above, the proposed annual return of servicetax and excise for 2015-16 is not required to be filed.

[MARIAPPAN GOVINDARAJAN]

Since the GST is on the move, the Department thought that it is not necessary.