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

[SHIVKUMAR SHARMA]

You can revised your ER-1 till 31.07.2017.

[nandankumar roy]

Thanks sirji and revised accordingly.

AI Summary

Excise return revision allows adjusting Part II balance before TRN 1 submission, permitting reduced amount transferred to GST.
Operative guidance: the ER 1 return for June can be revised up to 31.07.2017, enabling amendment of the Part II closing balance downward before TRN 1 preparation so the reduced figure may be used for TRN 1 submission.