Anyone pls.tell me that when ER-4 ,ER-5 & ER-6 returns are mandatory to file electronicaly when duty paid above 10 lakh or above 1 crore.
Mukesh Pareek (service) 25 April 2011
Anyone pls.tell me that when ER-4 ,ER-5 & ER-6 returns are mandatory to file electronicaly when duty paid above 10 lakh or above 1 crore.
Jitendra Somaiya (B.COM LL.B Consultant) 27 April 2011
As per amendment made last year now ER-4 ER-5 & ER-6 should be filed through electronically. However, there is one Notification under Rule 9 of CENVAT Credit whereunder certian products are exempted to file ER-4 return for the assessees whose last years turnover is below 100 lakhs, and hence if your product is falling under this notification then you can claim exemption from filling of returns prescribed under Rule 9 of the CENVAT Credit Rules.
Please note that due to oversight till date Govt.has not made any amendment to the said Notification otherwise the limit is Rs.10 lakhs only.
Mukesh Pareek (service) 19 May 2011
Thanx
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