revised return

[ajay singh]

Why Excise Returns can not be revised though the same facility is available in almost all other Return filing requirements????

[NEERAJ KUMAR, RANCHI]

Why it can not be revised?Because there is no such provision in the law. Why there is no provision in law, its diffiult to answer, but yes I also feel that there should be provision for the same.

[abhi parakh]

Sirs,

Every law has a reason and an attached logic to it. Revise Returns no doubt, do increase compliance. Under the CE law, the assesses always do have the option to reinstate their mistakes &/or errors in the return for the next period. Hence, the purpose of Revised Return is intrisically resolved.

Regards,

CA Abhi Parakh

AI Summary

Revision of returns unavailable where statute lacks provision; corrections must be made in subsequent period.
There is no express statutory provision in the Central Excise law permitting filing of a revised return; therefore assessable persons cannot amend a previously-filed excise return through a formal revised-return mechanism, and corrections are instead made by adjusting subsequent period returns.