TaxTMI 
TaxTMI 
TaxTMI 
DEAR SIR/MADAM,
BUDGET 2016 RETURNS OF EXCISE ER-5, ER-6 and ER-7 returns abolished IT IS WRIGHT OR WRONG.
PLEASE INFORM.
PARESH VASAVA
E.R.-6 & E.R.-5, & E.R.-7
pareshbhai vasava
Central Excise returns ER-5, ER-6, ER-7 abolished; replaced by single annual return per Notification No. 8/2016-CE (NT). A forum discussion addressed the abolition of Central Excise returns ER-5, ER-6, and ER-7 following the 2016 budget. It was clarified that these returns are replaced by a single annual return, effective from March 1, 2016, as per Notification No. 8/2016-CE (NT). This change is considered beneficial, reducing the number of required returns from 27 to 13 annually. The new system is effective from April 1, 2016, and the annual return is to be filed electronically by November 30, 2016. Participants expressed gratitude for the clarification and shared their views on the changes. (AI Summary)