CBEC has been decided that combined Annual return form for Central
Excise and Service Tax for 2015-16 is not required to be filed, which was
required to be filed by 30th November 2016.
The CBEC has taken such decision in the view of impending
implementation of Goods & Services Tax (GST).
It also specified that after implementation of GST, Annual Return
for non-GST goods only may be required. A final view on the same would be taken
after due consultation with the trade.
The relevant notifications regarding aforesaid annual return are as
under.
Kind attention is invited
to Notification No. 8/2016-CE(N.T.) (SI.NO.5) dated 01.03.2016 and Notification
No.13/2016-CE(N.T.) (Sl.NO.9) dated 01.03.2016 vide which Rule 12 of Central
Excise Rules, 2002 and Rule 9A of CENVAT Credit Rules, 2004, respectively, were
amended to replace the existing Central Excise Forms ER-4 to ER-7 with an
Annual Return form. On the service tax side, vide Notification No. 19/2016-ST
dated 01/03/2016, Rule 7 of the Service Tax Rules, 1994 was amended to
prescribe an annual return. In terms of Rule 12 of Central Excise Rules, 2002
and Rule 7 of the Service Tax Rules, 1994, the format of the Annual Return,
which was required to be filed by 30th day of November, was to be specified by
the Board by notification.
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