Excise return if sale less then 1.50 crore..

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 May 2016 Dear Sir,

1.If my sales are less the 1.50 Crore, then whether I shall file Nil Excise return or shall have to disclose amount of Invoices raised and take exemption under any notification? If exemption shall be taken under any notification, then under which notification No. (Which shall be available in Drop down list of Notification in Form ER).

2. What will be the case if only Exporter, and export sales are more then 1.50 Crores.

3. Is it same with Service Tax Return as well?

Arun Kumar Singh

Arun Kumar Singh (Expert)
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01 June 2016 If your turnover is below 1.5cr then you need to filed ER-3 quarterly return and you need to mention all cleared quantity during the exemption period in the return.

Querist : Anonymous

Querist : Anonymous (Querist)

04 June 2016 Then how to claim Exemption- (Notification No. and Sr. No. under which exemption shall be claimed)

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Querist : Anonymous

Querist : Anonymous (Querist)

04 June 2016 Does it change in case of Private Limited?

Arun Kumar Singh

Arun Kumar Singh (Expert)
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24 June 2016 The SSI exemption Notification NO. 08/2003-CE dated 1.03.2003.