Central Excise Annual Return

[venkat eswaran]

Dear all,

This years's Central Excise annual return to be filed by nov-16 is ready? when this will come into effect?

Thanks in advance

Venkat

[Ganeshan Kalyani]

The relevant extract from the Circular No. 1050/38/2016-CX dated the 8^th of November, 2016 is reproduced below for your reference .

2. In view of impending implementation of Goods & Services Tax (GST) it has been decided that, the aforesaid Annual Return shall not be required to be filed for the year 2015-16, which is due to be filed by 30.11.2016. After implementation of GST, Annual Return for non-GST goods only may be required. A final view on the same would be taken after due consultation with the trade.

In view of the above, the proposed annual return of servicetax and excise for 2015-16 is not required to be filed.

[DR.MARIAPPAN GOVINDARAJAN]

Since the GST is on the move, the Department thought that it is not necessary.

AI Summary

Annual return requirement suspended due to GST transition; excise and service tax returns for the prior year not filed.
The administrative guidance suspends the Central Excise and service tax annual return obligation for the year due in November 2016 because of the impending GST implementation; a future annual return may be required only for goods outside GST, with a final decision to follow consultation with trade stakeholders.