TaxTMI 
TaxTMI 
Excise Return Applicablity
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....xcise Return Applicablity<br> Query (Issue) Started By: - Rudrayani Shedjale Dated:- 26-3-2015 Last Reply Date:- 10-4-2015 Central Excise<br>Got 6 Replies<br>Central Excise<br>Hello i have a query. currently we were filing ER3 exsie returns. but in the f.y.2014-15 our local turnover has reached up to 4 crores. do we have to file the same kind of returns even now or we need to file ER1 returns? ....
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....please advise. Reply By Rajagopalan Ranganathan: The Reply: Sir, Since you have crossed the limit of 4 Crore, you have to file E.R. 1 return every month on or before 10th day of the month following the month to which the return pertains. Reply By Rudrayani Shedjale: The Reply: Dear Sir Many thanks for this information. The local turnover(excluding export) has crossed the amount of 4 crore ....
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....in the f.y. 2014-15. according to previous form of return filing we need to file return for the Qtr Jan 2015 to March 2015. shall we file the same i.e.ER3 return for Qtr-IV for f.y.2014-15 and start to file the ER1 return from April 2015?? will you please expedite? Reply By Rajagopalan Ranganathan: The Reply: Sir, It depends on the date of crossing the limit of 4 Crores. Suppose you cross t....
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....he limit during September, then you have to file monthly return for September in Form E.R. 1. For July and August you can file in Form E.R. 3 indicating in the remarks column that since you have crossed 4 Crores limit in September you are filing monthly return in Form E.R.1 from September onwards. Reply By Rudrayani Shedjale: The Reply: we have crossed the LOCAL turnover limit of 4 crores in the....
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.... month of Jan 2015. so now we have to pay any penalty? (there is no tax liability though) Reply By Naveed S: The Reply: You now need to file monthly returns from april 2015 Reply By Rudrayani Shedjale: The Reply: ok. thanks a lot to both of you.<br> Discussion Forum - Knowledge Sharing ....