ER-7 FOR THE FINANCILA YEAR 2015-16

[Guest]

1. ER-7 ARE COMPULSORY FOR FINANCIAL YEAR 2015-16

2. FINANCIAL YEAR 2015-16 NOT SHOW IN ER-7 ONLINE RETURN

3. ER-4 IS UPDATE IN EXCISE SITE

[DR.MARIAPPAN GOVINDARAJAN]

What is your exact query?

[Ganeshan Kalyani]

Please refer Amendment in Central Excise Rules, 2002 by Notification No. 08/2016 – Central Excise (N.T.).

[Rajagopalan Ranganathan]

Sir,

From 1.4.2016 only a single return is prescribed and this single return is to be filed on or before 30.11.2016 and details contained therein will relate to financial year 2015-16 only since data for the year 2016-17 will be ready as on 30.11.2016. therefore all the previous returns stand abolished with effect from 1.4.2016, Details contained in various returns prior to 1.4.20166 are subsumed in the annual return prescribed whose format is yet to be notified.

[Ganeshan Kalyani]

I endorse the views of Rajagopalan Sir.

AI Summary

Single annual excise return required, consolidating prior returns and replacing earlier filings with a single prescribed annual submission. A single annual return replaces prior multiple central excise returns, subsuming their details and abolishing earlier return obligations; the consolidated return must be filed within the prescribed period after the financial year close and will relate to that financial year, while the detailed format of the annual return is yet to be notified.