Excise Return Applicablity

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Excise Return Applicablity
Query (Issue) Started By: - Rudrayani Shedjale Dated:- 26-3-2015 Last Reply Date:- 10-4-2015 Central Excise
Got 6 Replies
Central Excise
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? .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... please advise. Reply By Rajagopalan Ranganathan: The Reply: 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. Reply By Rudrayani Shedjale: The Reply: Dear Sir Many thanks for this information. The local turnover(excluding export) has crossed the amount of 4 crore .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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? Reply By Rajagopalan Ranganathan: The Reply: Sir, It depends on the date of crossing the limit of 4 Crores. Suppose you cross .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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. Reply By Rudrayani Shedjale: The Reply: we have crossed the LOCAL turnover limit of 4 crores in th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e month of Jan 2015. so now we have to pay any penalty? (there is no tax liability though) Reply By Naveed S: The Reply: You now need to file monthly returns from april 2015 Reply By Rudrayani Shedjale: The Reply: ok. thanks a lot to both of you.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X