what are the return filled for a month and year

[Mahesh Sharma]

what are the return filled for a month and year

[ROHAN THAKKAR]

Dear Sir,

There are numerous laws in India. Hence, please clarify about the law for which you need opinion. Also give the background of your unit so that the respondent can understand the query that you want to pose. 

 

Regards,

Rohan Thakkar

[YAGAY andSUN]

There are numerous laws, Rules and Acts under which requirement of filing of returns either manually or electronically is mandatory.

1) Income tax Act - Yealy

2) Wealth Tax Act - Yearly

3) Gift Tax Act - Yearly

4) Central Excise Act - Monthly/Quarterly

5) Service Tax (Finance Act 1994) - halfyearly/Quarterly

6) VAT/CST/Entry Tax/Works Contract - Monthly/Quarterly/Yealy

7) ESI/PF/Labour Laws/Industrial Dispute Act/Factory Act/supperannution/Gratuity /Boiler Act etc - Monthly/Quarterly/Yearly

Kindly be clear and firm while raising the query.  Waiting for your exact query...............................

[Mahesh Sharma]

I want to know what are the excise return submit in a year or how to claim canvat for a year.

if plant and machinery imported and duty paid on it 

[Mahesh Sharma]

I want to know what are the excise return submit in a year or how to claim canvat for a year.

if plant and machinery imported and duty paid on it 

[YAGAY andSUN]

ER-1 Return is required to be filed on monthly basis.  Due date is 5th of Every month for the subsequent month. This ER-1 form has been amended.

CENVAT credit on capital goods may be availed immediately to the extent of 50% in the first financial year and balance 50% can be availed after installation of capital goods in the next financial year. For this Form RG 23C Part -I and Part-II should be used.

ER-3 return is quarterly return for clearance of Goods and CENVAT credit.  This ER-3 form has also been amended.

ER-5 cenvat annual return of informtion relating to principal inputs.

ER-6 cenvat monthly return of information relating to principal inputs.

ER-7 Annual installed capacity statement.

 

AI Summary

Understanding Monthly and Yearly Filing for Central Excise: ER-1 Return, CENVAT Credit Rules Explained A user inquired about the types of returns that need to be filed monthly and yearly, specifically concerning Central Excise. Respondents clarified that various laws require different filing frequencies, such as the Income Tax Act (yearly) and the Central Excise Act (monthly/quarterly). The user further asked about excise returns and claiming CENVAT for imported plant and machinery. It was explained that the ER-1 return is filed monthly, with a due date of the 5th of each month. CENVAT credit on capital goods can be claimed partially in the first year and the remainder after installation in the next year.