NEW ANNUAL RETURN

[MINESH SHAH]

WOULD THERE BE ANY DUTY PAID SLAB I.E WHO IS REQUIRED TO FILE NEW ANNUAL RETURNS W.E.F. 01/04/2016 OR ALL THE ASSESSEES HAVE TO FILE THESE RETURNS.

AI Summary

New Annual Excise Return Must Be Filed by November 30, 2016, per Amended Rules; Awaiting Possible Exemptions A query was raised about the requirement for filing new annual returns under Central Excise, effective from April 1, 2016. It was clarified that the annual return must be submitted by November 30, 2016, as per amended rules. All assessees are required to file unless exempted by a future notification from the Central Government. The discussion highlighted that, in the absence of such a notification, all those filing excise returns must also file the annual return. The conversation concluded with gratitude for the guidance provided.