Excise Return Applicablity

[Rudrayani Shedjale]

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.

AI Summary

Switch to ER1 Returns Monthly After Exceeding 4 Crore Turnover Threshold in 2014-15 Fiscal Year A user inquired about the appropriate excise return form to file after their local turnover exceeded 4 crores in the fiscal year 2014-15. They were previously filing ER3 returns and sought advice on whether to switch to ER1 returns. An expert advised that upon crossing the 4 crore threshold, they should file ER1 returns monthly. It was clarified that if the turnover limit was exceeded in January 2015, ER1 returns should commence from that month. The user confirmed understanding and thanked the respondents for their guidance.