TaxTMI 
TaxTMI 
TaxTMI 
Combined Annual Return for Central Excise and Service Tax assessees - Draft Circular
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....ombined Annual Return for Central Excise and Service Tax assessees - Draft Circular <br>Income Tax<br>Dated:- 10-8-2016<br><BR>F. No.207/05/2014-CX.6 (Pt. 1) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Custom New Delhi, dated the 4th August, 2016 To Members/ Representatives of the Trade, Principal Chief/ Chief Commissioners of Central Excise (All), Principal Chief/ Chief Commissioners of Service Tax (All), and Principal Chief/ Chief Commissioners of Central Excise and Service Tax (All). Sub: Combined Annual Return for Central Excise and Service Tax assessees-reg. Madam/ Sir, Kind attention is invited to Notification No. 08/2016-CE (N.T.) (SI. No. 5) dated 01.03.2016 and Notification No. 13/2016-CE (N.T.) (Sl. No.9) dated 01.03.2016 vide which Rule 12 of Central Excise Rules, 2002 and Rule 9A of CENVAT Credit Rules, 2004 respectively, were amended to replace the existing Central Excise forms ER-4 to ER-7 with an annual return form. On the service tax side, vide notification no. 19/2016-ST dated 01.03.2016, Rule 7 of the Service Tax Rules, 1994 has been amended to prescribe an annual return. Central Board of Excise and Customs....
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.... (Board) has been empowered in these rules to prescribe the format of the Annual Return form. 2. In pursuance of the said amendments, a common annual return form for Central Excise and Service Tax, along with instructions for filing the said return, has been prepared. The proposed annual return form shall consist of 3 parts viz. Part A, B and C. Part A consists of general information of the assessee, Part B deals with business related information of the assessee and Part C consists of detailed information (Annexure 1-7) to be filled by the assessee for reconciliation of return data with the financial statements. Detailed instructions for filing the said return have also been prepared and the same is annexed with the return. Part A, Part B and Part C (Annexure 2, 4, 5 and 7) are common for both Central Excise and Service Tax. In Part C, Annexures 1, 3 and 6 are relevant for Central Excise assessees and Annexures I A and I B are relevant for Service Tax assessees. 3. It is requested that feedback may be provided by the departmental officers and the Members of Trade on the proposed annual return form by 20.08.2016 on the email id: rohan choudhary @nic.i....
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....n. (ROHAN) Under Secretary (CX.3) Encl.: Annual Return Form with Instructions ( 26 pages) ============= Document 1 ANNUAL RETURN FOR CENTRAL EXCISE/SERVICE TAX FORM AR (See Rule 12 of Central Excise Rules, 2002/Rule 9A of Cenvat Credit Rules, 2004/Rule 7 of Service Tax Rules, 1994) CERTIFICATE INDEPENDENT CERTIFICATION OF PARTICULARS CONTAINED IN FORM AR Name of the Assessee: Address of the Assessee: We have verified the enclosed particulars for the financial year ended (specify the year) as given in Part A, B and C (Annexure 1-7) in the enclosed Form AR of M/s (name of the assessee). Assessee's Responsibility: The Assessee is responsible to provide all the information and documents required for the purpose of reconciliation of Returns filed under the Central Excise Act, 1944 Chapter V of the Finance Act, 1994 with the relevant accounting records and financial statement. Assessee is also responsible to state reasons or explain the difference arising in the reconciliation. Encl.: Form No. AR DATE: PLACE: NOTE: NAME OF THE ASSESSEE/AUTHORIZED SIGNATORY/ CHARTERED ACCOUNTANT/COST ACCOUNTANT: DESIGNATION: MEMBERSHIP No. (in case of Chartered Accountant/ Cos....
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....t Accountant): SIGNATURE: a) The annual return form shall be filed by only those assessees who have paid Central Excise duty/Service Tax of more than Rs. 2 crores (PLA+ CENVAT) during the year. b) The annual return form shall be certified by an assessee or an authorized signatory on his behalf in case if the total Central Excise duty/ Service Tax paid (PLA +CENVAT) during the year is more than Rs. 2 crores and less than or equal to Rs. 15 crores. c) The annual return form shall be certified by a Chartered Accountant or Cost Accountant in case if the total Central Excise duty/ Service Tax paid (PLA +CENVAT) during the year is more than Rs. 15 crores. Form-AR [See Rule 12 of Central Excise Rules, 2002/Rule 9A of Cenvat Credit Rules, 2004/Rule 7 of Service Tax Rules, 1994] Particulars/ information for the year ended....... PART A: General Information Name of the assessee 1 2. Central Excise Registration No. 3 ST Registration No. 4. VAT Registration No. 5. IEC 6. ISD Registration No. PART B: BUSINESS RELATED INFORMATION 2.1 2.2 1 6 Details of Related party as per Section 4(3)(b) of Central Excise Act, 1944, if any? Associated Enterprise as per Section....
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.... 65B(13) of Chapter V of Finance Act, 1994, if any. S. No. Name of related party/ associated enterprise Method of accounting employed during the year (Cash OR Accrual) Whether there has been any change in the method of accounting employed vis-a-vis the method employed in the immediately preceding year? If yes, provide reasons along with impact on valuation of stock in hand/goods sold/ services provided or received. Whether goods are PAN got manufactured through job worker? 7 Whether any job work activity is carried out by the assessee? PART C: ENCLOSED AS ANNEXURE (1-7) [See instructions for filling up the form] PART C. ANNEXURE-1 Value of finished goods, inputs, capital goods cleared during the period as per Excise Returns filed and Financial Statements Sl. க2 No. FINISHED GOODS (excluding (12), (13), (14) and (15)) Waste/ Inputs removed Capital as such or DTA Clearances Exports partially Goods removed as such or after being put Non- Scrap excisable processed to use Rate At Tariff At Concessional Rate Export under Export under (14) (15) (12) (13) Bond Rebate (10) (8) (9) (11) 1. Description of Goods 2. Tariff hea....
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....ding Digit level) Sub- (Six 3. Notification No. and date, if any 4. Aggregate value of goods, where value clearances of less than or equal to Rs. 5 lakhs 5. Aggregate Value in Return' 6. Value in F. St.** 7. Difference (6) (5)- * Value in Return: Value of Goods cleared as per Return **Value in F. St.: Value of Goods Cleared as per P&L Account ANNEXURE 1A REQUIRED INFORMATION TO BE PROVIDED BY THE SERVICE PROVIDER SL NO A 1 Particulars of Services provided 1.1 Description of the service 1.2 1.3 SAC NO Notification claimed, if any with date and Number Information on the value/rates 2 3 3.1 3.1.1 3.1.2 3.2 3.3 3.4 3.5 3.6 3.6.1 3.6.2 3.7 3.7.1 4 5 Gross value of Service provided with respect to A Adjustments Value on which service tax is payable under partial reverse charge Percentage liability under reverse charge Actual Value on which service tax is payable under partial reverse charge Value of export of service provided or to be provided Value of services in negative list Value of exempted service provided or to be provided (other than export of service) Value of service provided as a pure agent Value on which aba....
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....tement Claimed Percentage abatement claimed Actual Abatement claimed If any other amount claimed as deduction If yes please specify reasons thereof Net value of Taxable Service provided after adjustments (2+3.1.2)-(3.1+3.2+3.3+3.4+3.5+3.6.2+3.7) Service tax on Net Taxable value (4x Prevailing Service Tax Rate) 6 Rate (Specific) if applicable as per rule 6 of Service Tax Rules 7 8 9 Total Value of service provided as per Returns Total value of service provided as per Financial Statements Difference and reasons thereof (like value of services provided in non taxable territory, trading of goods, Interest income,Adjustment on account of Debit/Credit note etc) Reasons Amount ANNEXURE 1B SI. No REQUIRED INFORMATION TO BE PROVIDED BY THE SERVICE RECIPIENT WHERE HE IS LIABLE TO PAY TAX A 1 1.1 1.2 1.3 Particulars of Services received Description of the service SAC NO Notification claimed, if any with date and Number Information on the value/rates Gross value of Service received with respect to A Adjustments Value on which service tax is payable under partial reverse charge Percentage liability under reverse charge Actual Value on which servic....
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....e tax is payable under partial reverse charge 2 3 3.1 3.1.1 3.1.2 3.2 Value of services received from a non Taxable territory (if any) 3.3 3.3.1 4 If any other amount claimed as deduction If yes please specify reasons thereof Net value of Taxable Service received after adjustments (2+3.1.2)-(3.1+3.3) Service tax on Net Taxable value 5 (4x Prevailing Service Tax Rate) 6 Rate (Specific) if applicable as per rule 6 of Service Tax Rules 7 Total Value of service received as per Returns 8 Total value of service received as per Financial Statements 9 Reasons Amount Difference (like value of different services received including TDS, value of services from non taxable territory etc) PART C. ANNEXURE-2 Details of duty of Central Excise/ Service Tax payable and paid during the period S. Particulars No. Value of Excisable Rate of duty/ Good(s)*/ tax (specific) Taxable (adv.) Rate of Duty/tax Provisional Total duty/tax payable assessment duty/tax order number Duty/tax Paid (Rs.) payable (Rs.) Duty/T Through Through Through Services and date ax code (2) (1) as per return (if any) (6) (8) CENVAT Credit Account Total PLA/ Debi....
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....t in duty/tax Challan Scrips (Rs.) paid filed (4) (Rs.) (3) (7) (10) (11) (9) (12) Excise Duty/ ST Paid Other Duties *Excisable Goods: Details to be given of Excisable Goods for which the value of clearances in the year is more than Rs 5 lakhs PART C. ANNEXURE-3 Reconciliation of value of clearances of goods with financial Statement Sl. No. 1. Particulars (A) Value of clearances of goods as per PART C (Annexurel) Sl. No. 5 Amount in Rs. Total of Sl. No. 5 PART C (Annexurel) Add (B) 2. Adjustments on account of MRP Based assessments 3. Adjustments on account of Tariff Value 4. Adjustments on account of discounts given 5. Adjustments on account of Cum Duty Price 6. Adjustments on account of VAT/Sales Tax/CST 7. Adjustments on account of sales through Depots 8. Adjustments on account of sales through Consignments agents 9. Adjustments on account of Job-work 10. Adjustments on account of freight & insurance 11. Value of Bought out items 12. Adjustments on account of Sales Return 13. Adjustments on account of Debit/Credit Notes 14. 15. 16. Adjustments on account of captive consumption Value of Trading of Goods Others 17. TO....
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....TAL (B) Less (C) 18. 19. Adjustments on account of MRP Based assessments Adjustments on account of Tariff Value 20. Adjustments on account of discounts given 21. Adjustments on account of Cum duty price 22. Adjustments on account of VAT/Sales Tax/CST 23. 24. 25. Adjustments on account of sales through Depots Adjustments on account of sales through Consignments agents Adjustments on account of Job-work 26. Adjustments on account of freight & insurance 27. Value of Bought out items Adjustments on account of Sales Return 28. 29. 30. 31. 32. 33. Adjustments on account of Debit/Credit Notes Adjustments on account of captive consumption Value of goods cleared without consideration e.g. Free samples etc. Adjustments on account of clearances to Related Party / inter- connected undertakings Adjustments on account of additional consideration paid by buyers 34. Others 35. TOTAL (C) GRAND TOTAL 36. Value of clearances as per Financial Statement (D) NOTE: (A)+(B)-(C)=(D) Details of CENVAT credit taken and utilized Opening Balance (Rs.) Duties/Taxes (1) PART C. ANNEXURE-4 Credit Taken (Rs.) Credit Utilized* (Rs.) Closing Balance (Rs.) Cess....
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....es Input Input Capital Cesses Services Goods Duties/ Cesses Duties/Taxes Cesses Taxes (2) (3) (4) (5) (6) (7) (8) (9) (10) Total (11) Balance as per Balance Sheet for year ending 31.03.XXXX (12) Difference, if any (11-12) *includes credit utilized on inputs/capital goods cleared as such and reversal of credits as per provisions of CCR, 2004 PART C. Annexure-5 DETAILS OF PRINCIPAL INPUTS, INPUT SERVICES AND CAPITAL GOODS ON WHICH CENVAT CREDIT AVAILED Sl. Description Tariff Total No. of Principal Sub- inputs* Heading CENVAT credit Ratio of CENVAT Description of principal Total CENVAT Ratio CENVAT of Description of capital Tariff Sub- Heading credit input credit credit availed goods on No. (6 No. availed (for availed on services** availed (for on principal which digit level) (6 digit each principal each input service CENVAT level) principal input) input as a principal as a credit proportion input proportion to availed to Total service) Total CENVAT CENVAT credit credit availed availed (1) (2) (3) (4) (6) (7) (8) (9) (10) *Principal input: Input having a value of at least 10% of the total value of in....
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....puts used **Principal input service: Input service having a value of at least 10% of the total value of input services used PART C. Annexure-6 PART I. Quantitative details of manufactured finished goods and cleared during the year S. No. Description of finished Units of FG Opening (+) (-) stock of Production Finished Stock Closing Aggregate Closing Goods* FG of FG goods of FG including (Qty) (Qty) cleared (Qty) Tariff Sub- (3) (4) (5) (Qty) (7) Heading (1) (6) (6 digit level) (2) Stock of FG where of clearance of each such goods is less than or equal to Rs. 5 lakhs (Qty) (8) value S. No. Description of FG PART II. Reconciliation of Product-wise Quantity Details of Details of Closing Difference including Closing Quantity of Quantity of FG (11-12) Diff. if any and Reasons from Form 3CD/ (13) thereof Tariff Sub- FG from Notes to Accounts/ (14) Heading Part I Stock Registers (9) (6 digit level) (11)=(7)+(8) (12) (10) *Finished Goods (FG): Goods with value of clearances more than Rs. 5 lakhs during the year Part C. Annexure-7 List of units from whom, on receipts of input or input services or Capital Goods,....
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.... cenvat credit greater than rupees 5 lakh/ 10 lakh in total have been availed in the year (I) INPUTS SI. Name of Unit No. (1) (2) Central Registration No. (3) Excise Total Credit availed (where cenvat credit availed is greater than Rs. 5 lakh) (4) (II) INPUT SERVICES SI. Name of Unit ST Registration No. No. Total Credit availed (where cenvat credit availed is greater than Rs. 5 lakh) (5) (6) (7) (8) (III) CAPITAL GOODS SI. Name of Unit No. (9) (10) Central Registration No. (11) Excise Total Credit availed (where cenvat credit availed is greater than Rs. 10 lakh) (12) PLACE: DATE: NAME OF ASSESSEE/AUTHORIZED SIGNATORY/ CHARTERED ACCOUNTANT/ COST ACCOUNTANT: MEMBERSHIP No. (in case of Chartered Accountant/ Cost Accountant): DESIGNATION: SIGNATURE: INSTRUCTIONS FOR FILLING UP ANNUAL RETURN FOR CENTRAL EXCISE PART C. ANNEXURE-1: Value of finished goods, inputs, capital goods cleared during the period as per Excise Returns filed and Financial Statements Sl. No. (in the annexure) Particulars of the Details to be filled 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Description of goods (specified in Col. (8) to (1....
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....5)), as per returns (ER-1/2/3 as applicable), should include only those goods whose value of clearance in the given financial year is more than Rs. 5 lakhs. Tariff sub-Heading at six digit level of goods (specified in Col. (8) to (15)), as per returns (ER-1/2/3 as applicable), to be specified. Benefit of Notification availed, if any, under which the goods (specified in Col. (8) to (15)) are cleared to be specified. Consolidated assessable value of all such goods (specified in Col. (8) to (15)) should be given where assessable value of clearance of each goods is less than or equal to Rs. 5 lakhs Aggregate value of all the goods (specified in Col. (8) to (15)) cleared during the given financial year, as per return, to be provided. Aggregate value of all the goods (specified in Col. (8) to (15)) cleared during the given financial year, as per the financial statements i.e. Profit & Loss A/c, to be provided. Difference in value specified at Sl. No. (5) and (6) Details of finished goods (as per returns ER-1/ 2/ 3 as applicable) which are cleared for domestic consumption in terms of duty rates mentioned in the Central Excise Tariff Act. Details of finished goods (as per....
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.... returns ER-1/ 2/ 3 as applicable) which are cleared for domestic consumption at concessional rate of duty. This heading shall also require assesses to specify the details of those goods which are exempted and cleared at Nil rate of duty. Details of finished goods (as per returns ER-1/ 2/ 3 as applicable) which are exported under bond without payment of central excise duty. Details of finished goods (as per returns ER-1/ 2/ 3 as applicable) which are exported under rebate of duty. Details of inputs (as per returns ER-1/2/3 as applicable) which are cleared as such or after being partially processed. Details of capital goods (as per returns ER-1/2/3 as applicable) removed as such or after being put to use. Details of waste/ scrap (as per returns ER-1/ 2/3 as applicable) cleared from the factory Details of non-excisable goods (as per returns ER-1/ 2/ 3 as applicable) cleared from the factory. PART C: ANNEXURE-1A AND ANNEXURE-1B Please note that service wise details have to be entered one by one (A,B,C etc) and at the end entire accounts have to be reconciled with the Service tax returns. 1-1.3-----Pls fill in the details sought for,so that the complete nature of the....
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.... service can be deciphered SAC in 1.2 means Service tax Accounting code 2-----Gross amount -Assesseses are requested to fill in the gross consideration received/paid or to be received/paid for the service viz the money receipts, or money due, money equivalent of any other consideration received. 3------Purpose is to arrive at the net taxable value and assesses are requested to fill in the correct details of adjustments made. 4-Net taxable value has to be arrived at with the given formula. 5-----rate at which service tax is paid need to be mentioned. 6----If Service Tax is paid at specific rate it needs to be mentioned here. 7----Total Value of services as per the return 8----Total value of Services as per Financial statements 9----Purpose is to reconcile financial statement with the returns filed. The difference whatever is should be brought out clearly through the space given.It should be clear such that the assessing officer can completely reconcile all the amounts and frequent demand for records can be done away with. Sample illustrations 1.Manpower supply Service Provider is M/s X X is individual Service Recipient is M/s Y. and Y is body corporate According....
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.... to Notification 30/2012 S.T dated 20/6/2012, as amended Liability of X is 0% and Y is 100% Suppose X receives Rs 1000 So X in filling annexure 1A mentions ANNEXURE 1A SL NO REQUIRED INFORMATION TO BE PROVIDED BY THE SERVICE PROVIDER A 1 Particulars of Services provided 1.1 Description of the service 1.2 SAC NO 1.3 Notification claimed, if any with date and Number Information on the value/rates Manpower supply 00440060 30/2012-ST dated 20/6/2012 2 Gross value of Service provided with respect to A 1000 3 Adjustments 3.1 Value on which service tax is payable under reverse charge 1000 3.1.1 Percentage liability under reverse charge 0 3.1.2 Actual Value on which service tax is payable under 0 partial reverse charge 3.2 Value of export of service provided or to be NA provided 3.3 Value of services in negative list NA 3.4 Value of exempted service provided or to be ÎΑ provided (other than export of service) 3.5 Value of service provided as a pure agent NA 3.6 Value on which abatement Claimed NA 3.6.1 Percentage abatement claimed NA 3.6.2 Actual Abatement claimed 'NA 3.7 If any other amount claimed as deduction NA 3.7.1 If....
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.... yes please specify reasons thereof 4 Net value of Taxable Service provided after adjustments (2+3.1.2)-(3.1+3.2+3.3+3.4+3.5+3.6.2+3.7) 5 Service tax on Net Taxable value (4x Prevailing Service Tax Rate) 6 Rate (Specific) if applicable as per rule 6 of Service Tax Rules 0 0 7 Total Value of service provided as per Returns 1000 8 Total value of service provided as per Financial 1000 9 Statements Difference and reasons thereof trading of goods, Interest (like value of services provided in non taxable territory, income, Adjustment on account of Debit/Credit note etc) Reasons Amount Similarly for Y filing the return as service recipient ANNEXURE 1B Sl No REQUIRED INFORMATION TO BE PROVIDED BY THE SERVICE RECIPIENT WHERE HE IS LIABLE TO PAY TAX A 1 Particulars of Services received 1.1 Description of the service 1.2 SAC NO 1.3 Notification claimed, if any with date and Number Information on the value/rates Manpower supply 00440060 30/2012-ST dated 20/6/2012 2 Gross value of Service received with respect to A 1000 3 Adjustments 3.1 Value on which service tax is payable under reverse charge 1000 3.1.1 Percentage liability under reve....
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....rse charge 100 3.1.2 Actual Value on which service tax is payable under 1000 partial reverse charge 3.2 Value of services received from a non Taxable 3.3 territory (if any) If any other amount claimed as deduction 3.3.1 If yes please specify reasons thereof 4 Net value of Taxable Service received after adjustments (2+3.1.2)-(3.1+3.3) 5 Service tax on Net Taxable value 1000 (4x Prevailing Service Tax Rate) 6 B C 7 Rate (Specific) if applicable as per rule 6 of Service .15*1000-150 Tax Rules Total Value of service received as per Returns 1000 (A+B+C+...) 8 Total value of service received as per Financial Statements 1000 9 Difference (like value of different services received including TDS, value of services from non taxable territory etc) Reasons Amount 2)Restaurant service X is restaurant and has total turnover of Rs 1000 So he will fill form as ANNEXURE 1A SL NO REQUIRED INFORMATION TO BE PROVIDED BY THE SERVICE PROVIDER A 1 Particulars of Services provided 1.1 Description of the service 1.2 SAC NO 1.3 Notification claimed, if any with date and Number Information on the value/rates Restaurant 00441067 2 Gross value of Service....
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.... provided with respect to A 1000 3 Adjustments 3.1 Value on which service tax is payable under partial reverse charge 3.1.1 Percentage liability under reverse charge 3.1.2 Actual Value on which service tax is payable under partial reverse charge 3.2 Value of export of service provided or to be 3.3 3.4 provided Value of services in negative list Value of exempted service provided or to be provided (other than export of service) 3.5 Value of service provided as a pure agent 3.6 Value on which abatement Claimed 1000 3.6.1 Percentage abatement claimed 60 3.6.2 Actual Abatement claimed 600' 3.7 If any other amount claimed as deduction 3.7.1 If yes please specify reasons thereof 4 Net value of Taxable Service provided after adjustments (2+3.1.2)-(3.1+3.2+3.3+3.4+3.5+3.6.2+3.7) 5 Service tax on Net Taxable value (4x Prevailing Service Tax Rate) 6 Rate (Specific) if applicable as per rule 6 of Service Tax Rules B C 7 Total Value of service provided as per Returns (A+B+C+...) 8 9 Total value of service provided as per Financial Statements Difference and reasons thereof (like value of services provided in non taxable trading of goods,....
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.... Interest territory, income, Adjustment on account of Debit/Credit note etc) 400 .15*400-60 Reasons Amount PART C. ANNEXURE-2: Details of duty of excise payable and paid during the period Sl. No. (in the annexure) 2. 3. 4. Particulars of the Details to be filled Particulars should include 6 digit Tariff Sub-Heading separately for each goods cleared with assessable value more than Rs. 5 lakhs/ taxable services provided (as per returns). Assessable value of various goods cleared, having assessable value more than Rs. 5 lakhs (as per returns)/taxable services provided, to be specified. Ad valorem rate of duty at which goods are being cleared/ services provided, wherever applicable, to be specified for all such goods/ services. 5. Specific rate of duty/ tax at which goods/services are being cleared/ provided, wherever applicable, to be specified for all such goods/services. 6. 7. 8. 9. 10. 11. 12. Amount of duty payable for various goods cleared (as per returns)/ services provided to be specified. Provisional Assessment order number and date, wherever applicable, to be provided for various goods cleared. Aggregate amount of duty payable goods wise /....
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.... services (as per returns) provided to be furnished. Details of duty/ tax paid through CENVAT Credit Account to be furnished for excise duty/service tax and other duties separately. Details of duty/ tax paid through PLA/ Challan to be furnished for each duty code separately. Details of duty/tax paid through debit in scrips to be furnished for each duty code separately. Details of total duty paid [(9) + (10) + (11)] to be furnished PART C. ANNEXURE-3: Reconciliation of value of clearances of goods with financial Statement Sl. No. (in Particulars of the Details to be filled the annexure) 1. 2. 3. 4. 5. 6. 7. Indicate the assessable value of clearances of goods as per serial number 5 in PART C Annexure 1. Valuation of goods as per MRP based Assessments in accordance with Section 4A of the Central Excise Act may result in difference in the assessable value as per the returns and the value recorded in the financial statements. Make necessary addition or deduction (Sl. No. 18, PART C. ANNEXURE-3) in the respective Sl. No. to reconcile the values. Valuation of goods as per Tariff value fixed by the government in accordance with Section 3(2) of the Central Exc....
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....ise Act may result in difference in the assessable value as per the returns and the value recorded in the financial statements. Make necessary addition or deduction (Sl. No. 19, PART C. ANNEXURE-3) in the respective Sl. No. to reconcile the values. On account of discounts given by the manufacturer there might be difference in the assessable value as per the returns and the value recorded in the financial statements. Make necessary addition or deduction (Sl. No. 20, PART C. ANNEXURE-3) in the respective Sl. No. to reconcile the values. Recording of value of goods cleared cum-duty price in the books of accounts may result in difference in the assessable value as per the returns and the value recorded in the financial statements. Make necessary addition or deduction (Sl. No. 21, PART C. ANNEXURE-3) in the respective Sl. No. to reconcile the values. Recording of value of goods cleared by including the component of State taxes such as VAT/Sales Tax/CST in the books of accounts may result in difference in the assessable value as per the returns and the value recorded in the financial statements. Make necessary addition or deduction (Sl. No. 22, PART C. ANNEXURE-3) in the ....
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....respective Sl. No. to reconcile the values. Valuation of goods cleared as "Sales through Depots", as per the Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000 may result in difference in the assessable value as per the returns and the value recorded in the financial statements. Make necessary addition or deduction (Sl. No. 23, PART C. ANNEXURE-3) in the respective Sl. No. to reconcile the values. 8. 9. 10. 11. 12. 13. 14. Valuation of goods cleared as "Sales through consignment agents" as per the Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000 may result in difference in the assessable value as per the returns and the value recorded in the financial statements. Make necessary addition or deduction (Sl. No. 24, PART C. ANNEXURE-3) in the respective Sl. No. to reconcile the values. Valuation of goods cleared as "Job Work" as per the Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000 may result in difference in the assessable value as per the returns and the value recorded in the financial statements. Make necessary addition or deduction (Sl. No. 25, PART C. ANNEXURE-3) ....
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....in the respective Sl. No. to reconcile the values. Adjustment in the valuation of goods cleared on account of freight and insurance as per Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000 may result in difference in the assessable value as per the returns and the value recorded in the financial statements. Make necessary addition or deduction (Sl. No. 26, PART C. ANNEXURE-3) in the respective Sl. No. to reconcile the values. Adjustment in the valuation of goods cleared on account of inclusion of value of bought out items as per the Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000 may result in difference in the assessable value as per the returns and the value recorded in the financial statements. Make necessary addition or deduction (Sl. No. 27, PART C. ANNEXURE-3) in the respective Sl. No. to reconcile the values. Adjustment in the valuation of goods cleared on account of "sales return" as per the Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000 may result in difference in the assessable value as per the returns and the value recorded in the financial statements. Make ne....
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....cessary addition or deduction (Sl. No. 28, PART C. ANNEXURE-3) in the respective Sl. No. to reconcile the values. Adjustment in the valuation of goods cleared on account of "Debit/credit notes" as per the Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000 may result in difference in the assessable value as per the returns and the value recorded in the financial statements. Make necessary addition or deduction (Sl. No. 29, PART C. ANNEXURE-3) in the respective Sl. No. to reconcile the values. Valuation of goods cleared as "captive consumption" as per the Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000 may result in difference in the assessable value as per the returns and the value recorded in the 15. 16. 31. 32. 33. 36. financial statements. Make necessary addition or deduction (Sl. No. 30, PART C. ANNEXURE-3) in the respective Sl. No. to reconcile the values. As the value of goods cleared through trading would not be mentioned in the returns, so the value of such clearances to be added in the respective Sl. No. to reconcile the values. Indicate any "other" reason that may result in difference in th....
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....e assessable value as per the returns and the value recorded in the financial statements. Make necessary addition or deduction (Sl. No. 34, PART C. ANNEXURE-3) in the respective Sl. No. to reconcile the values. Valuation of goods cleared without consideration such as free samples as per the Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000 may result in difference in the assessable value as per the returns and the value recorded in the financial statements. Make necessary addition in the respective Sl. No. to reconcile the values. Valuation of goods cleared to related party/inter connected undertakings as per the Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000 may result in difference in the assessable value as per the returns and the value recorded in the financial statements. Make necessary addition in the respective Sl. No. to reconcile the values. Adjustment in the valuation of goods cleared on account of "additional consideration paid by the buyers" as per the Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000 may result in difference in the assessable value as per th....
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....e returns and the value recorded in the financial statements. Make necessary addition in the respective Sl. No. to reconcile the values. After making necessary adjustments in values at (Sl. No. 1, 17 and 35) i.e. (A)+(B)- (C), value as per financial statement (D) is obtained. This value should correspond with value declared in serial number 6 in PART C Annexure 1 PART C. ANNEXURE-4: Details of CENVAT credit taken and utilized Sl. No. (in the annexure) Particulars of the Details to be filled 1. Opening Balance of the Cenvat Credit available with the assessee, on account of various duties/tax to be specified. 2. Opening Balance of the Cenvat Credit available with the assessee, on account of various cesses to be specified. 3. Details of Cenvat Credit taken on inputs during the year. 4. Details of Cenvat Credit taken on inputs services during the year. 5. Details of Cenvat Credit taken on capital goods during the year. 6. Details of Cenvat Credit taken on cesses during the year. 7. 8. 9. 10. 11. 12. 13. Details of Cenvat Credit utilised on account of various duties/ taxes during the year. It shall also include the details of credit reversed and utilised ....
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....on account of inputs/capital goods cleared as such, as per provisions of CCR, 2004. Details of Cenvat Credit utilised on account of various cesses during the year. It shall also include the details of credit reversed and utilised on account of inputs/capital goods cleared as such, as per provisions of CCR, 2004. Details of closing balance of Cenvat Credit on account of duties/tax at the end of the year. Details of closing balance of Cenvat Credit on account of cesses at the end of the year. Details of closing balance of Cenvat Credit at the end of the year. Details of total Cenvat Credit available as per Balance Sheet for the year. Difference in Cenvat credit between (11) and (12), if any. PART C. ANNEXURE-5: Details Of Principal Inputs, Input Services and Capital Goods on which Cenvat Credit Availed Sl. No. (in the annexure) 2. 3. 4. 5. 6. 7. 8. 9. 10. Particulars of the Details to be filled Details of all the principal inputs to be provided. Principal input is that input which constitutes a value of at least 10% of value of all the inputs used. Central Excise Tariff Sub-Heading up to 6 digit level of each principal input (specified in col. 2) to be f....
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....urnished. Details of total CENVAT credit availed for each principal input specified in col. (2). Ratio of CENVAT credit availed on a particular principal input as a proportion to total CENVAT credit availed, for each principal input to be provided. Details of all the principal input services to be provided. Principal input service is that input service which constitutes a value of at least 10% of value of all the input services used. Details of total CENVAT credit availed for each principal input service specified in col. (6). Ratio of CENVAT credit availed on a particular principal input service as a proportion to total CENVAT credit availed, for each principal input service to be provided. Details of the capital goods on which CENVAT credit is availed to be provided. Central Excise Tariff Sub-Heading up to six digit level of all capital goods (specified in col. 9) to be furnished. PART C. ANNEXURE-6: Quantitative details of manufactured finished goods and cleared during the year Sl. No. (in the annexure) PART I 2. Particulars of the Details to be filled Description of finished goods with Central Excise Tariff Sub-Heading up to six digit level. Finished go....
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....ods for the purpose of Column No. (2), (3), (4), (5), (6) and (7) to include details of only those finished good(s) where the value of each such goods cleared during the given financial year is more than 5 lakhs. Opening Balance of the stock of finished goods to be provided. 3. Unit for measurement of finished goods to be provided. 4. 5. 6. 7. 8. PART II 10. 11. 12. 13. 14. Quantity of finished goods produced during the year to be furnished. Details of Quantity of finished goods cleared during the year to be furnished. Closing stock of finished goods at the end of the year to be provided. Quantity cleared in Col. 7 should be equal to sum of Column number 4 and 5 less Column number 6 Aggregate closing stock (quantity) of only those finished goods to be provided where value of each such goods cleared during the given financial year is less than or equal to Rs. 5 lakhs. Description of finished goods with Central Excise Tariff Sub-Heading up to six digit level. Details of only those finished good(s) to be provided where the assessable value of particular good cleared during the given financial year is more than 5 lakhs. Closing stock of finished goods at th....
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....e end of the year. This quantity shall be the sum of closing stock of finished goods declared at Column No. (7) and (8) of the Part I of the same annexure. Quantity of closing stock of finished goods from Form 3CD/ Notes to Accounts/ Stock Registers to be provided. Form No. 3CD pertains to statement of particulars required to be furnished under section 44AB of Income Tax Act, 1961. Part (b) of Form 3CD under Serial Number 3(5b) requires a manufacturing concern to give quantitative details of finished goods. Notes to Account which form a part of financial statement also provide information on finished goods. Stock registers can be utilized to give details of stock held by the assessee. Difference, if any, between the Closing balance of quantity of finished goods at the end of the year (as specified at Col. 7) and details of closing balance of finished goods from Form 3CD/ Notes to Accounts/ Stock Registers to be specified. Difference, if any, in Col.13 to be justified with reasons. PART C. ANNEXURE-7: List of units from whom, on receipts of input or input services or Capital Goods, CENVAT credit greater than rupees 5 lakh/ 10 lakh in total have been availed in the ye....
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....ar Sl. No. (in the annexure) PART I 2. Particulars of the Details to be filled Name of the unit from where inputs are procured on which total CENVAT credit availed is more than Rs. Five Lakh during the year 3. Central Excise registration no. of each unit mentioned in Col. (2) Details of total CENVAT credit availed from each unit mentioned in Col. (2) 4. PART II 6. 7. 8. PART III 10. 11. 12. Name of the service provider from where input services are received on which total CENVAT credit availed is more than Rs. Five Lakh in the year Service Tax registration no. of each service provider mentioned in Col. (2) Details of total CENVAT credit availed from each service provider mentioned in Col. (2) Name of the unit from where capital goods are received on which total CENVAT credit availed is more than Rs. Ten Lakh in the given financial year Central Excise registration no. of each unit mentioned in Col. (2) Details of total CENVAT credit availed from each unit mentioned in Col. (2)<BR> News - Press release - PIB....