India Proposes New Combined Annual Return Form for Central Excise and Service Tax; Feedback Due by August 20, 2016.

The Government of India has introduced a draft circular for a combined annual return form for Central Excise and Service Tax assessees. This new form, replacing previous forms ER-4 to ER-7, is structured into three parts: Part A for general information, Part B for business-related details, and Part C for detailed reconciliation with financial statements. Specific annexures within Part C cater separately to Central Excise and Service Tax assessees. Feedback on the proposed form is solicited from departmental officers and trade members by August 20, 2016.