TaxTMI 
TaxTMI 
Return without depositing Excise duty
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....eturn without depositing Excise duty<br> Query (Issue) Started By: - Prem Bajaj Dated:- 9-7-2016 Last Reply Date:- 14-7-2016 Central Excise<br>Got 9 Replies<br>Central Excise<br>Dear Sir, Can i file Excise return with out depositing Excise duty with the deptt.?? Thanks in advance. Reply By venkat eswaran: The Reply: Not possible Reply By Ganeshan Kalyani: The Reply: Sir, in my view you can, ....
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....but interest and penalty is your guest then. Thanks. Reply By KASTURI SETHI: The Reply: Sh.Ganeshan Kalyani Ji, I do agree with you. Return will be uploaded with red remarks regarding not-paid or short-paid whatever the case may be. Guest will have to be welcomed without any grouse. Reply By Ganeshan Kalyani: The Reply: Sri Kasturi Sir delaying payment of duty by choice, will it amount to wi....
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....llful attempt and provision of penalty would apply. Your view is requested please. Thanks. Reply By KASTURI SETHI: The Reply: Yes. Sir Your observation is absolutely correct. Reply By Ganeshan Kalyani: The Reply: Sir, when the red mark is awarded then Department eye on the assesse first for any enquiry , audit etc. Sri Kasturi Sir, do you agree sir ? Reply By KASTURI SETHI: The Reply: Sh.Gan....
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....eshan Kalyani Ji, Yes. Sir I agree with you. Red signal is always dangerous. You cannot cross red light without penalty. Reply By Kumar Gaurav: The Reply: You can file your excise return without depositing the duty thereon AND deposit the duty along with interest and inform the excise authority in writing . In such a situation , penalty would not be attracted...... Reply By Ganeshan Kalyani:....
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.... The Reply: Sri Kumar Gustav Ji, there is a provison for knowing not paying the tax. I believe unless there is any strong reason like financial crises the department will not accept the delay. Looking for your feedback. Thanks.<br> Discussion Forum - Knowledge Sharing ....