Please Help: excise
Posted Date : 24-Mar-2012 , 03:33:28 pm | Posted By: Mahesh Lakhotia
Category :
Excise | Answers :
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what are the year-end procedures for compliance.Pls specify the forms/formalities to be completed in this regard. |
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Answers:
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 Answer by: Ashish Karundia |
| Dear Mahesh,
Please be specific in your query.
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| Answer by: Rishabh Upadhyay |
| Year end procedure in what regards?
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| Answer by: CA Satuti Mahajan |
| Pls elaborate in what context you are asking.
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| Comments |
| Posted By : CA Raginee Goyal |
18-Apr-2012, 02:27:51 |
| There is no formal procedure of Assessment under Central Excise as Central Excise is subject to Self Assessment. However, Audit EA 2000 and AG Audit team schedules and conducts audit under intimation in writing and verifies and vouches all self assessment records and supporting documents as claimed/ filed by assessee |
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| Posted By : CA Raginee Goyal |
18-Apr-2012, 02:26:55 |
| There is no formal procedure of Assessment under Central Excise as Central Excise is subject to Self Assessment. However, Audit EA 2000 and AG Audit team schedules and conducts audit under intimation in writing and verifies and vouches all self assessment records and supporting documents as claimed/ filed by assessee |
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| Posted By : CA Raginee Goyal |
18-Apr-2012, 02:24:55 |
| Compliances under excise: Payment of duty for quarter/motnh ended march to be made on 31st march itself. Monthly/ quarterly returns as applicable (ER1/ER3, ER6), Annual returns to be filed in April : ER5, ER7, Annual return to be filed in November.
New Series of Invoices and new registers to be opened for new financial year under due intimation of new series to the Department alongwith intimation of Notifications under which assessee is assessable or subject to.
These are general procedures. If you any specific queries or need details on any issue, kindly ask specific. |
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| Posted By : Mahesh Lakhotia |
07-Apr-2012, 05:48:30 |
| i mean how the assessment take placd |
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