R/sir,
We are manufacturing of Enginnering product at differnt plants - Total 8 Plants . Our Head office at New delhi and all Accounting system manintain Centralise . Our Balance sheet also prepare consolidated . No plant wise data available , No plant wise trial balace & profit and loss account available .
Please suggest can we submit ER-4 any one plant and copy submit all other plants means ER-4 data will be submit common ( All plants details in one ER-4 ) .
Is it any litigation came in future ?
Please suggest sir .
With Regards,
SNEHAL SHAH
Company Advised Against Consolidated ER-4 Return; Must File Separate Unit-Wise Financials to Meet Compliance and Audit Needs. A company manufacturing engineering products across eight different plants inquires about submitting a consolidated ER-4 return for all plants, as their accounting and balance sheet are centralized without individual plant data. The response advises against filing a consolidated ER-4, stating that the department would not accept it and recommending preparing separate unit-wise balance sheets, profit and loss accounts, and trial balances to avoid future litigation and comply with audit requirements. (AI Summary)
TaxTMI 
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