TaxTMI 
TaxTMI 
Dear All,
Can you tell me in what quantity & value will come of Finished Goods in ER-4. Is as per ER-1 or Balance sheet notes on account? & what value for example assessable value or actual inventory value?
ER-4 RETURN
24 Nov 2015 
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ER-4 reporting: report inputs and finished goods values excluding taxes where CENVAT credit is availed.
ER-4 requires reporting inputs and finished goods values excluding taxes where CENVAT credit is availed. Column 3(a) collects total value of inputs, packing materials and components used in manufacture per purchase invoice or import document excluding taxes. Column 3(ii) requires value and quantity of each major raw material consumed, using the Schedule VI major-item disclosure approach. Column 4(i) requires gross sales value per the Profit & Loss account, and 4(ii) requires value and quantity of each major finished good sold; all figures exclude taxes for which credit is taken. (AI Summary)
ER-4 requires reporting inputs and finished goods values excluding taxes where CENVAT credit is availed. Column 3(a) collects total value of inputs, packing materials and components used in manufacture per purchase invoice or import document excluding taxes. Column 3(ii) requires value and quantity of each major raw material consumed, using the Schedule VI major-item disclosure approach. Column 4(i) requires gross sales value per the Profit & Loss account, and 4(ii) requires value and quantity of each major finished good sold; all figures exclude taxes for which credit is taken. (AI Summary)