Filing of return, Central Excise

[Anup Kumar Grover]

New Co, turnover expected to less than Rs 4 crore, what is the periodicity of return filing under Central Excise Act.

Posts / Replies

[V Ramanujam]

As per Central Excise provisions, all assessees except assessee availing SSI exemption is required to file returns only on monthly basis - Refer Rule 12 of Central Exicse rules

[Surender Gupta]

Yes, if you were availing SSI exemption during the current financial year and turn over exceeds 4 crore, you are entitled to continue with quarterly return. But, from the subsequent years, you are required to file monthly returns.