Clarification for Filing of Er-3 returns, Who is eligible for filing of Er-3 returns? It Should be claim the Not No. 08/2003 Dt. 1.3.03 or those are turnover not crossed 4 crores? it is known some one that those are turnover below 4 crores they should file Quarterly return. it is known that some notification or circular isseued in this regard between March & April-2010. Please clarify and give such notification details.
Thanks.
ER-3 is applicable to manufacturers registered with excise department, who are availing value based exemption of 150 lacs ( they are not availing cenvat input credit) but their total turnover has not exceeded 400 lacs in previous year.
when they avail input credit then they have to file ER1, in place of ER3
THANKS SHARMA JI , I AM AGREE WITH YOU.
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