https://www.taxtmi.com/forum/issue?id=106726 Reconciliation of ER-1 returns with annual accounts sales requires identifying transactional and presentation differences and adjusting for inter unit transfers, depot movements, exempted removals, supplies to export/EOU/SEZ, goods removed but unsold, goods sold but not removed, sale of scrap recorded as other income, and credit notes/returns. Preparers should use a reconciliation template capturing these additions and deductions and account for business specific grouping differences to align ER-1 figures with financial statements for audit verification and excise compliance. en-us Mon, 21 Apr 2014 11:21:01 +0530 Thu, 23 Jan 2025 15:57:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106726 Reconciliation of ER-1 returns with annual accounts sales requires identifying transactional and presentation differences and adjusting for inter unit transfers, depot movements, exempted removals, supplies to export/EOU/SEZ, goods removed but unsold, goods sold but not removed, sale of scrap recorded as other income, and credit notes/returns. Preparers should use a reconciliation template capturing these additions and deductions and account for business specific grouping differences to align ER-1 figures with financial statements for audit verification and excise compliance. Discussion-Forum Central Excise Mon, 21 Apr 2014 11:21:01 +0530 https://www.taxtmi.com/forum/issue?id=106726