REGARDING EXCISE RETURN

[Rajeev Khulbe]

GOOD MORNING TO ALL MY GREAT EXPERTS,

HARE I CAME TO KNOW ABOUT EXCISE RETURN. SIR AS PER NOTIFICATION NO. 08/2016 / 13/2016 CE MENTION THAT NO NEED TO FILE ER4, ER5, ER6, ER7. SIR THIS NOTIFICATION WILL EFFECT F.Y 2016-2017. SIR I WANT TO KNOW THAT WILL I FILE MY EXCISE RETURN ( ER4, ER5, ER7) FOR THE F.Y 2015-2016 . BUT FROM F.Y 2016-2017 NO NEED TO FILE ER4ER5 ER6ER7 AND NEW ANNUALY RETURN FORM WILL BE NOTIFIED. PLEASE EXPERTS PLEASE CLEARIFY AGAINST MY QUERY.

THANKS

RAJIV

NAINITAL UTTARAKHAND

AI Summary

Excise return consolidation: annual return replaces multiple form filings, streamlining excise compliance requirements and deadlines.
The amendment consolidates multiple periodic excise filings into a single annual return, eliminating the requirement to file ER-4, ER-5, ER-6 and ER-7; the data formerly reported in those forms must instead be provided through the new annual return for the prior financial year within the prescribed deadline. The change reduces the total number of separate returns required and became operational from the amendment's effective date in early 2016.