Sir
My Client is jewelers and his annual turnover for year ending on 31.3.2016 is below 12cr. Since his turnover for year ending on 31.3.2016 is above 6 cr he has obtained registration. I wish to know :
1. Form No in which he should file Excise Return for 2016-17
2. Since his turnover has not exceeded 6 Cr in 1st Quarter of 2016-17, how the return should be filed since he is exempted from payment of excise duty up to 6 Cr
Jeweler Exempt from Excise Duty for Turnover Under 6 Crore INR; Use Form ER-3 for NIL Duty Returns A jeweler with an annual turnover below 12 crore INR for the year ending March 31, 2016, inquired about filing excise returns. Since the turnover exceeded 6 crore INR, registration was obtained. The jeweler sought guidance on the appropriate form for filing the 2016-17 excise return and clarification on filing procedures due to exemption from excise duty for turnovers not exceeding 6 crore INR in the first quarter. The response advised using Form ER-3 for quarterly returns, indicating a NIL duty paid return due to exemption, and mentioned the applicability of Form ER-8 for specific manufacturers. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
