What is ER 7 return?
ER-7 – As per the Rule 12(2A) of Central Excise Rules, this return should be filed by all assessee except manufacturers of matches without aid of power and reinforced cement concrete pipes.
What is ER 1 return?
Form ER 1 is a monthly return for production, removal of goods, other relevant particulars and CENVAT Credit. All the Excise Manufacturing (Regular/Large Tax payer) Units should file returns in Form ER 1.
What is ER 3 return?
Return ER – 3 – Return of excisable goods and availment of CENVAT credit for the month of – Quarterly for SSI units – Central Excise. if your unit is paying excise duty from very first rupees with availment of cenvat cerdit.
What is central excise law?
Under the Central Excise Act, 1944, all excisable goods that are manufactured or produced in India shall carry a central excise duty known as CENVAT. This tax is also known as Central Value Added Tax (CENVAT) and is levied on the manufacture or retail of goods or products.
Who can order valuation audit under 14A?
the excise officer
Valuation Audit [section 14A] · Valuation audit can be ordered at any stage of enquiry, investigation or any other proceedings by the excise officer, if he is of the opinion that the value has not been correctly declared or determined by the manufacturer.
How can I access my old service tax portal?
How to access Service Tax (ST) application? Visit www.aces.gov.in, click on Service Tax button and, enter your username and password to login in to Service Tax application.
What is the power of excise officer?
(1) Any Central Excise Officer duly empowered by the Central Government in this behalf, shall have power to summon any person whose attendance he considers necessary either to give evidence or to produce a document or any other thing in any inquiry which such officer is making for any of the purposes of this Act.
How to revise the ER-7 return for the latest year?
An option to revise the ER-7 return for the latest eligible financial year is also available. However, all other returns cannot be revised. In case of any changes or misstatement, assessee is advised to write a letter to the department filing hard copy of rectified return.
What is e-filing of excise return?
The supplier or distributor will then request a refund of the excise tax. As per the new rules and regulations, the supplier may file an electronic return of the excise duty. This is called e-filing of excise return. Fast, Easy & Secure way for E-Excise Returns…
What is the er-4 form?
ER-4 – As per the rule 12 (2) (a) of the Central Excise Rules, ER-4 should be filed by the assessee paying excise duty of Rs.1 crore or more per annum either through PLA or Cenvat or both together and the return is annual return. This return is Annual Financial Information Statement.
What is the difference between er-4 ER-5 ER-6 and ER-7 returns?
ER-4, ER-5, ER-6 and ER-7 returns are to be filed by the assessee in addition to the ER-1/ER-3 which is regularly filed by the assessee registered under the Central Excise. However ER-4, ER-5 and ER-6 are to be filed by the certain specified assessee only.