Excise Annual Returns

[venkat eswaran]

Dear Experts,

In recent budget there is changes in no. of returns in Excise, 12 monthly and one annual return to be filed. Now for Apr'2016 Excise Annul return ER5 & ER7 to be filed?

New type of annual return to be filed when?

For your expert views.

Thanks in advance

Venkat

[KASTURI SETHI]

No need to file ER-5 & ER-7. Annual return will cover all the relevant information. It is to be filed by 30.11.2016 for the year 2015-16.

 

[Ganeshan Kalyani]

I agree with the views as submitted by Sri Kasturi Sir. The doubt is now cleared. The provision is not so easy to interpret and understand. One need to break his head to extract the essence of the amendments, to know the intention behind the change. But Sri Kasturi Sir does it in a very passionate way. I get encouragement and inspiration from his work. Thanks a lot Sir.

[DR.MARIAPPAN GOVINDARAJAN]

Thank you for your views.

AI Summary

Annual Excise Return now consolidates return filings; separate ER-5 and ER-7 are not required for prior year.
The recent change introduces a consolidated Annual Excise Return that replaces separate annual forms ER-5 and ER-7; where the annual return is filed it covers all relevant information and the separate ER-5 and ER-7 need not be submitted. The annual return for the cited year was required to be filed by 30.11.2016.