What is er1 return?
Form ER 1 is a monthly return for production, removal of goods, other relevant particulars and CENVAT Credit. All the Excise Manufacturing (Regular/Large Tax payer) Units should file returns in Form ER 1. Form ER 1 is an excise unit wise report.
What is the validity period for central excise registration certificate?
Once a Central Excise Registration is completed, the registration is valid unless it is suspended, revoked or surrendered. In case a manufacturer or producer liable to pay Central Excise does not obtain Central Excise Registration, a penalty of up to Rs. 10,000 and/or imprisonment of up to 7 years can be imposed.
What is Cenvat credit state its utility?
CENVAT Credit refers to the credit/set-off available to manufacturers when they use certain inputs to complete their product. In the example above, Gupta fans can claim credit on the copper wires, fan blades and motors, which can then be readjusted against their final tax liability.
Can I file st3 return now?
Recent Posts in “Service Tax Return” Utilities for e-filing Service Tax Returns (ST-3 & ST3C) for the period October, 2016-March, 2017 are now available in both offline and online version. The last date of filing the ST-3/ST3C return for the said period is 25th April, 2017.
Who is eligible for Cenvat credit?
Goods falling under chapter 84 are eligible for Cenvat credit as capital goods . Hence , insurance, repair services , renting etc. in respect of such vehicle should be eligible for Cenvat credit. Services for personal use or consumption of employees specifically excluded under clause (C).
How can I check my service tax return?
Click on ‘Service Tax’ from the homepage and sign in to your account. If you have filed for any refund and the reimbursement is approved by the department, you will be able to see the ‘Check Status’ option and track your refund using your acknowledgement number from the refund request created by you earlier.
How can I download service tax receipt?
The Assessee has an option to download the counterfoil from the website of the bank. This will contain all details available that are usually given in the hard copy of the computerized acknowledgement including Challan Identification Number (CIN) and name of the bank through which e-payment has been made. 13.
How can I file service tax return?
Annual Return under Service Tax Service Tax – As per Rule 7(1) of the Service Tax Rules, 1994, all the assessees registered under service tax are required to file service tax returns on a half yearly basis. The half yearly return is to be filed by 25th of the month following the particular half year.
How can I download service tax return now?
The Offline Excel utility for filing half-yearly Service Tax return (ST 3) for the period 1st October, 2012 to 31st March, 2013 is now available in ACES. The same can be downloaded from http://acesdownload.nic.in/. It can also be accessed from ‘DOWNLOADS’ section of ACES website, www.aces.gov.in.
Can I file service tax return now?
As per Rule 7B of the Service Tax Rules 1994, an assessee may file a service tax revised return in triplicate in Form ST 3 to correct the mistake or omission, within a period of 90 days from the date of submission of Return under Rule 7.
Is Cenvat credit available on excise duty?
Rule 3. CENVAT credit. – Provided that the CENVAT credit shall be allowed to be taken of the amount equal to central excise duty paid on the capital goods at the time of debonding of the unit in terms of the para 8 of notification No.