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Excise return

EXICSE (Legacy) 234 views 3 replies
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CA
46 Points Posted on 23 July 2016
A SSI who is eligible to avail value based exemption of Rs. 150 lacs but not availing the exemption required to file E.R 1 Monthly or E.R. 3 Quaterly?
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On 23 July 2016 at 21:36 Report
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accountant
109 Points Posted on 24 July 2016
ER -3 quarterly.
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On 24 July 2016 at 07:54
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CA
46 Points Posted on 24 July 2016

Sir will u pls explain tha reason for me.

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On 24 July 2016 at 09:23
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Sr. Associate-Audit and Taxation
174 Points Posted on 24 July 2016
Merely not availing turnover based exemption does not change the nature and it will be ssi only if the total turnover does nt exceed 400lakh.
And will be eligible for quarterly filing of ER-3.
It needs to file monthly ER-1only if it ceases to be ssi entity.
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On 24 July 2016 at 10:55


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