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TMI Bloger1 or er3X X X X Extracts X X X X X X X X Extracts X X X X ..... er1 or er3 X X X X Extracts X X X X X X X X Extracts X X X X ..... vious year does not exceed Rs. 4 crores. - required to file return in ER-3 format All other units are regular units - required to file return in ER-1 format. Reply By raj kumar shukla: The Reply: Well explained. However, 1.5 crore limit is for specified commodities listed in annexure to notification, no. 8/2003. Reply By Naveed S: The Reply: SMALL SCALE INDUSTRIES (SSI) - Basics Vide notific ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation no.08/2003 dated 01/03/2003 as amended, the govt. has given various concessions to small scale industries (SSI). All industries (even large scale unit) irrespective of their investment or no. of employees are eligible for concession only if their turnover in previous year was less than Rs. 4 crores. Example:Units whose turnover was over Rs. 4 crores in 2011-12 are not eligible to any SSI co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ncession in 2012-13, they have to pay full normal duty from 1stApril, 2012 and if turnover is less than Rs. 4 crores in 2011-12 such units are eligible for SSI exemption upto Rs. 150 lakhs in 2012-13. However SSI units have the following options of exemptions: - (a) A manufacturer can avail full exemption upto Rs. 150 lakhs and pay normal duty thereafter and can avail Cenvat credit on inputs aft ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er crossing exemption limit of turnover of Rs. 150 lakhs in the financial year, or (b) A manufacturer has the option not to avail the exemption and instead pay the normal rate of duty and avail Cenvat credit. Option (b) is available any time during the year, but this option once availed cannot be withdrawn during the financial year. Besides excise duty concessions, other concessions to SSI unit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s are as follows:- I. Procedural Concessions: - Units availing SSI exemptions have to submit a quarterly ER-3 return, by 10th of following month instead of monthly return and have to pay duty by 5th of following month (except for the month of march in which duty is payable by end of the month). Exceptions:- 1. This relaxation is not available to the manufacturer producing goods with other's bra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd name. But if manufacturer partly manufactures goods with other's brand name and also avails SSI exemption in respect of remaining goods, he can avail this facility. 2. If SSI unit pays normal duty without availing SSI concession, it will have to file monthly return and pay duty on monthly basis by 5th of the March. Reply By SUNIL & KALPANA SINGH TOMAR: The Reply: We are paying excise duty fr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... om Rs. 1/- on our Branded Manufactured goods and also availing the SSI exemptions on our Un Branded Manufactured goods (up to 1.5cr) . And we are filing return ER-1 every month with both manufacturing details . We are not taking any Cenvat Credit . Please guide us that we have file seprately return ER1 (for Branded goods or duty paid) & ER-3 ( for Unbranded or in ssi exm) . Thanks & Regards Kal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pana Reply By Radha Arun: The Reply: Single return in ER3 format will suffice. Rule 12 of Central Excise Rule, 2002 provides that an assessee whose turnover was less than Rs 4 crores in the previous financial year will file quarterly returns. Reply By SUNIL & KALPANA SINGH TOMAR: The Reply: we understand with your reply that we file quaterly return ER-3 for SSI Exemption (i.e.unbranded Goods ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) and also continue filing ER 1 for Branded Goods . If we are wrong so pls correct ,if possible. Kalpana Reply By Radha Arun: The Reply: Dear Kalpana, You have to file only ER-3 return. Regards Radha Arun Reply By SUNIL & KALPANA SINGH TOMAR: The Reply: Dear Sir, Just wanted to get confirm that do we need to file ER-3 only quaterly return for unbranded goods which is falling under SSI e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xemptions and also need to file the ER-1 monthly return for dutable goods? Thanks for attending my issue and oblige for your eartly respnose. Thanks & Regards, Kalpana Reply By Radha Arun: The Reply: Dear Kalpana, You have to file only a single ER-3 return, which will include branded as well as unbranded goods. Regards Radha Arun Reply By SUNIL & KALPANA SINGH TOMAR: The Reply: Thanks a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lot sir Reply By SUNIL & KALPANA SINGH TOMAR: The Reply: Dear Radha Arun Sir, One of my relative (mr.akhil singh tomar HUF a/c) receiving the commercial rent as per following manner: Year Total Retal Income 2010-11 ----------------------------- Rs. 7,50,000=00 (NO S.TAX LIBILITY IMPOSED under exemption 8 LAC) 2011-12 ----------------------------- Rs. 13,57,500=00 ( Service Tax @10.3% Due of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Rs. 557000/- after exeption Deduction) 2012-2013 ------------------------ Rs. 24,00,000=00 (Service Tax @12.36% Due from April2012) We request you kindly direct us on the following issues * Can we avail the exemption of Rs.8/-lac for the year 2011-12 or What value should be considered for the valuation of Service Tax for the year 2011-12 ? *How much Service Tax should be paid for the year 201 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2-13, when we are receiving the rent Rs. 200000/- Per month (In same A/C Akhil Singh Tomar HUF A/C)? *Are we required to deduct the value of Rs. 800000/- from the total rental value for depositing the service tax? We would we very obliged for your response in this regard. Thanks Kalpana Singh Reply By karthikeyan krishnan: The Reply: In central excise, SSI units are units who are availing o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r eligible for availing SSI exemption upto 1.5 crores and turnover of such unit in the previous year does not exceed ₹ 4 crores. - Please required to file return in ER-3 format...
With Regards
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