E-Excise Return Filing

E-Excise Return Filing

In India, an excise or excise duty or central excise tax is described as an indirect tax levied and collected on the goods manufactured in India. Producer or seller who pays the tax to the government is expected to try to recover the tax by raising the price paid by the buyer. So, producer or manufacturer has to file the excise duty return. As per new rules and regulation, manufacturer can file his return of excise duty electronically. This is called e-filing of excise return.

Central excise returns provides details of production, excise duty applicable and paid to Government. It also captures details of credit offset claimed and other related details. This ensures accurate assessment of tax collections. NIL returns are mandatory to be filed as per applicable schedule, even if there is no transaction.

Payment of Central Excise Duty: Central Excise Duty is payable on monthly basis by 5th of following month. Duty can be paid through current account (Personal Ledger Account) or CENVAT Credit. Small Scale units availing exemption are required to pay duty on 15th of month following end of month. Duty is payable electronically or by banking channels through TR-6 Challan. The prescribed Challan form TR-6 should be filled in giving details like name and fifteen digit ECC number of the manufacturer, code number of excise commissioner ate/division/range etc.

Filing of Central Excise Return: The Central excise return shall be filed on or before 10th of next month. In case of dealer, the excise return shall be filed on quarterly basis. Following are the forms and description of returns

Filing of Periodical Returns

Frequency of filing Central Excise Returns : SSI units should file the returns quarterly within 20 days of end of quarter and others should file it monthly within 10 days of end of month.