We are a small unit with a trading turnover of 2.5 crores (in the first three quarters) and mfring turnover of 1 crore( in the last q of the current Fy).
We filed Er3 for the first quarters and now want to file er1 for the last quarter as we have availed cenvat credit on our inputs and raised bills charging excise.
Are we correct in doing so ?
For the next Fy we would like to avail the ssi exemption till 150 lakhs and then make clearances with excise. Will we lose this opportunity in the next Fy if we file Er1 this time around ?
Pls advice
