Penalty and interest er-6 of two year

This query is : Resolved 

27 August 2015 Dear All expert,

What is the Penalty and interest on non filing excise return ER-6,ER-5,ER-4 of last two year ?

Regards,

Amit

27 August 2015 Interest will not be applicable for non-filing of return. The maximum penalty can be imposed of Rs. 5000/- per return. These returns are not required for all tariff heading products. You should consult with any professional.

27 August 2015 is this penalty monthly basis or Yearly ?I mean Rs 5000 for each month in case of ER 6 total of one year Rs 60000 /-


28 August 2015 As per the 9A (3) of the Cenvat Credit Rules, this return should be filed by the assessee who is required to file ER-5 return. This return is a monthly return in which details of information regarding the receipt and consumption of each principal inputs with reference to quantity of final products manufactured by him.

Return Can be filed 10th of following Month, Penalty will imposed monthly basis as per rs. 5000.00




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries