Combined Annual Return of Excise and Service Tax not required to be filed for 2015-16 due to implementation of GST. Final view to be taken later.
Circular No. 1050/3812016-CX
F. No. 207/05/20 14-CX.6
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Circular No.lOS0/3812016-CX
To,
The Principal Chief Commissioners/ Chief Commissioners of Central Excise (All}
The Principal Chief Commissioners/ Chief Commissioners of Central Excise and Service Tax (All)
The Principal Chief Commissioners/ Chief Commissioners of Service Tax (All)
The Principal Chief Commissioners/ Chief Commissioners of Customs (All)
The Directors General (All)
Sub: Combined Annual Return Form for Central Excise and Service Tax-reg.
Madam/ Sir.
Kind attention is invited to Notification No. 8/2016-CE(N.T.) (SI.No.5) dated 01.03.2016 and Notification No. 13/2016-CE(N.T.) (SI.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 was amended to preseribe an annual return. In terms of Rule 12 of Central Excise Rules, 2002 and Rule 7 of the Service Tax Rules, 1994, the format of the Annual Return, which was required to be filed by 30th day of November, was to be specified by the Board by notification.
2. In view of impending implementation of Goods & Services Tax (GST) it has been decided that, the aforesaid Annual Return shall not be required to be filed for the year 2015-16, which is due to be filed by 30.11.2016. After implementation of GST. Annual Return for non-GST goods only may be required. A final view on the same would be taken after due consultation with the trade.
3. Trade may be suitably informed that the aforesaid Combined Annual Return for 2015-16 is not required to be filed. Difficulties, if any, in the implementation of above Circular may be brought to the notice of the Hindi version will follow.
(Shankar Prasad Sarma)
Under Secretary to the Govt. of India
After holding that the cash receipts and cash payments are unexplained, ad-hoc estimation of income can not be adopted –…
Dividing total turnover by 365 days and concluding that assessee could not have made such cash sale on a single…
NERIST Arunachal Pradesh invites EoI for Empanelment of Chartered Accountant firm North Eastern Regional Institute of Science and Technology, (NERIST)…
Sibsagar University invites Expression of Interest (EOI) for Appointment of Internal Auditor Sibsagar University invites Expression of Interest (EOI) from reputed…
In a recent judgment Andhra Pradesh High Court struck down Section 147A of the Income Tax Act, 1961 as unconstitutional.…
Bank was liable to pay compensation to borrower as it did not verify the progress of construction before loan disbursals…