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Sales Return in ER 1 register

sneha (student) (45 Points)

05 February 2009

Will the sales return be shown in monthly return of excise

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9 Replies

HS Negi (Senior Executive- F&A) (590 Points)
Replied 06 February 2009

Dear Sneha

I wish to tell u that ER-1 is not a register. ER-1 is a excise return. Which is to be submitted by a DTA (Domestic Tarrif Area) unit 10th of every month. RG-1 is a register. Where the assesee keeps the records of his finished goods. In case of sales return the quality department of a manufacturer check the finished goods weather it should be rectified or not. Suppose it is rectified then an assessee again can book it in RG-1 register after availing the cenvat credit on the invoice of sales return. The assessee should the sepearte records of sales return.

Regards,

Harendra Singh Negi

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Rajeev Nair (Finance Professional) (510 Points)
Replied 07 February 2009

Amount of Modvat availed on returned goods will be mentioned in ER-1 and at the same time if material is returned after 180 days from the date of invoice; there is NO modvat available.

Rajesh Kumar (Advocate- Tax) (7806 Points)
Replied 09 February 2009

I differ from Rajeev. Cenvat credit is available at whatever time the goods are returned to the factory. There is no restriction of 180 days.

Himanshu (Chief Accountant) (96 Points)
Replied 25 March 2010

I am agree with rajesh kumar. In excise rules there is no any timebound for taking CENVAT Credit on sales return in the 23-A-II (CENVAT PART-II) Register. but, this CENVAT amount must reflected in 57 AE Annexure (NEW Annexure-10). This Annexure will compulsory submnitting with ER-1 Return.

Amitabha Mukherjee (Sr. Manager, GST) (253 Points)
Replied 25 March 2010

there is no time bound to take credit . , it is simply to be treated as good as inputs. after doing needful action if it come amounts to manufactures then you charge duty as per your costing , otherwise same amount of duty , which was taken as credit. no hesitation.

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SUNIL GUPTA (accounts manager) (36 Points)
Replied 09 June 2011

what is the provision of interest on late payment of excise duty.

if a assessee pays interest on late payment of excise duty for the month of May 2011 on 07 June 2011.

Then in ER1, interest will be shown in May ER1 or June ER1

when i am filling e-return of May 2011, in details of other payment made section, there are not allowing to fill the challan of June 2011.

SUNIL GUPTA (accounts manager) (36 Points)
Replied 09 June 2011

can i get a copy filled e-return (ER1) if possible there should be interest & penalty portion filled

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 09 June 2011

Originally posted by : SUNIL GUPTA
	what is the provision of interest on late payment of excise duty. if a assessee pays interest on late payment of excise duty for the month of May 2011 on 07 June 2011. Then in ER1, interest will be shown in May ER1 or June ER1 when i am filling e-return of May 2011, in details of other payment made section, there are not allowing to fill the challan of June 2011.

may return was to be filed by june 10th, even duty was not paid on clearances. in case of non payment even, return can not be delayed.

In may 11 return, you have not to fill sl no 4, ETAILS OF DUTY PAID ON EXCISABLE GOODS

and in june 11 return, enter the payment in 6(1),6(2) and 6(3) for may 11 dues

interest should be due from the respective payment date ( 2 month interest have to be paid if paid in june) and it will reflect in june 11 return only.