Central Excise Annual Return
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
No Central Excise annual return needed for 2015-16 due to GST implementation; future returns may apply to non-GST goods. A participant inquired about the filing of the Central Excise annual return for the year 2015-16, which was due by November 2016. In response, it was clarified that due to the upcoming implementation of the Goods & Services Tax (GST), the annual return for that year would not be required. It was noted that after GST implementation, annual returns might only be needed for non-GST goods, pending further consultation with the trade. Another participant confirmed that the department deemed the filing unnecessary due to the GST transition. (AI Summary)
Central Excise