TaxTMI 
TaxTMI 
dear experts,
what will be penalty for late filling of E.R. 5 FOR f.y. 2015-16.?
pls. guide .....
regards,
Manan Pandya
ahmedabad.
non filling of E.R.5 FOR F.Y. 2015-16
15 Jun 2015 
7 Replies 
2380 Views Asked by
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Penalty for non-filing of ER-5 can be imposed up to the statutory cap and must be paid in cash and recorded.
Under Rule 15A of the CENVAT Credit Rules, 2004 the authority may impose a penalty for non submission of ER 5, discretionary up to the statutory maximum. Where levied, the penalty is to be paid in cash and recorded in the PLA register; departmental enforcement instructions clarify procedural application. (AI Summary)
Under Rule 15A of the CENVAT Credit Rules, 2004 the authority may impose a penalty for non submission of ER 5, discretionary up to the statutory maximum. Where levied, the penalty is to be paid in cash and recorded in the PLA register; departmental enforcement instructions clarify procedural application. (AI Summary)