WHETHER SUBMITTED JUNE'17 EXCISE RETURN CLOSING BALANCE PART -II WILL BE FINAL FIGURE TO TRN1 OR CAN LESS AMT TO PUT IN CASE MEANTIME AUDIT REVERSE

[nandankumar roy]

DEAR SIR,

I SUBMITTED MY ER1 JUNE'17 EXCISE RETURN CLOSING BALANCE OF PART -II IS ASSUME 50 LACS AND NOW RECENTLY AUDIT HAPPENED AND SOME CARGO OUTWARD SERVICE TAX CREDIT OF BLUE DART APPX RS 5 LACS DEMANDING FOR REVERSE FROM PART II ,PL CONFIRM WHETHER IT WILL BE POSSIBLE WHEN I PUT ENTRY THRU TRN 1 FORM THESE FIGURE ARISES 45 LACS AND WHETHER ANY OBJECTIONABLE TO GST . AS SOME EXCISE SUPEEINTENDENT SAYING JUNE CL FIGURE FREEZED TO GST AND YOU HAVE TO PAY CASH BUT AUDITOR SAYING NO PROBLEM TO DEDUCT NOW AND YOU WILL SHOW LESS AMT TO TRN1 FORM SUBMISSION TIME. PL HELP TO CLEAR THE CASE.

WITH REGARDS,

N K ROY

AI Summary

Can June 2017 excise return be adjusted post-audit for TRN1 form submission under GST? Revised by July 31, 2017. A user queried whether the closing balance of their June 2017 excise return could be adjusted in light of a recent audit that required reversing a service tax credit, thus reducing the closing balance from 50 lakhs to 45 lakhs. The concern was whether this adjustment would be acceptable when submitting the TRN1 form under GST. One respondent advised that the ER-1 return could be revised until July 31, 2017. The user acknowledged this advice and revised the return accordingly.