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Excise Return Applicablity

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..... 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. - 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 bef .....

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..... ore 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 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 retur .....

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..... n 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 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 indicati .....

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..... ng 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 the 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 .....

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..... file monthly returns from april 2015 - Reply By Rudrayani Shedjale - The Reply = ok. thanks a lot to both of you. - Excise Return Applicablity - Query Started By: - Rudrayani Shedjale Dated:- 26-3-2015 Central Excise - Got 6 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - t .....

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..... axmanagementindia.com - TMI - TaxTMI - TMITax .....

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