Return without depositing Excise duty

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..... Dear Sir, Can i file Excise return with out depositing Excise duty with the deptt.?? Thanks in advance. - Reply By venkat eswaran - The Reply = Not possible - Reply By Ganeshan Kalyani - The Reply = Sir, in my view you can, but interest and penalty is your guest then. Thanks. - Reply By KASTURI SETHI - The Reply = Sh.Ganeshan Kalyani Ji, I do agree with you. Return will .....

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..... be uploaded with red remarks regarding not-paid or short-paid whatever the case may be. Guest will have to be welcomed without any grouse. - Reply By Ganeshan Kalyani - The Reply = Sri Kasturi Sir delaying payment of duty by choice, will it amount to willful attempt and provision of penalty would apply. Your view is requested please. Thanks. - Reply By KASTURI SETHI - The Reply = Yes. Sir You .....

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..... r observation is absolutely correct. - Reply By Ganeshan Kalyani - The Reply = Sir, when the red mark is awarded then Department eye on the assesse first for any enquiry , audit etc. Sri Kasturi Sir, do you agree sir ? - Reply By KASTURI SETHI - The Reply = Sh.Ganeshan Kalyani Ji, Yes. Sir I agree with you. Red signal is always dangerous. You cannot cross red light .....

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..... without penalty. - Reply By Kumar Gaurav - The Reply = You can file your excise return without depositing the duty thereon AND deposit the duty along with interest and inform the excise authority in writing . In such a situation , penalty would not be attracted...... - Reply By Ganeshan Kalyani - The Reply = Sri Kumar Gustav Ji, there is a provison for knowing not paying the tax. I believe u .....

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..... nless there is any strong reason like financial crises the department will not accept the delay. Looking for your feedback. Thanks. - Return without depositing Excise duty - Query Started By: - Prem Bajaj Dated:- 9-7-2016 Central Excise - Got 9 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - .....

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..... taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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