Q.1) A 100 % EOU has to mandatory file monthly return even i

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CA Anand Sarda (Querist)
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18 June 2008 Q.1) A 100 % EOU has to mandatory file monthly return even if they donot have DTA Clearances?
and what is the provision for other assesses? Do they need to file mandatory monthly/Qtrly
return if they donot have any clearances?

Satish K Sekhar.ACCA

Satish K Sekhar.ACCA (Expert)
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19 June 2008 As long as you are holding an excise registration, you are liable to file return on or before the specified date, irrespective of any transaction took place during the period or not. If there is no transaction there a nil return has to be filed.

If you are winding up the business, then you will surrender the registration with the department and since then you are not liable to file any returns.

Incase of 100% EOU, surrendering of execise registration is secondary as you need to exit from EOU status wiht the approval of Development commissioner first.

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