Shock Treatment - State Electricity Agencies to File Returns to Central Excise - Board Needs an English Teacher
AS per Rule 3 of the 'Service Tax and Central Excise (Furnishing of Annual Information Return) Rules, 2016', a State Electricity Board or an electricity distribution or transmission licensee is required to furnish a Return electronically under sub-section (I) of Section 15Aof the Central Excise Act, with regard to certain class of assessees.
The Principal Chief Commissioner or the Chief Commissioner is required to identify and intimate the State Electricity Agency, information of such manufacturers, who are using an induction furnace or rolling mill to manufacture goods falling under Section XV of the First Schedule to the Central Excise Tariff Act, 19.85 (5 of 1986), whose aggregate value of clearances exceeds one hundred and fifty lakh rupees in the financial year to which the return pertains.
The CBEC prescribes the following procedure to maintain uniformity.
1. The Principal Chief Commissioner or the Chief Commissioner of Central Excise and Service Tax in-charge of the Central Excise or Service Tax Zone shall nominate an officer to liaison with the officials of the Stale Electricity Agencies to apprise them of the compliance required under the Service Tax and Central Excise (Furnishing of Annual Information Return) Rules, 2016.
2. It may be conveyed to the State Electricity Agencies that as required under the said rules, an officer is required to be duly authorized by such State Electricity Agency to furnish information return in the format prescribed in the said rules. The procedure for furnishing such return may also be conveyed for ease of compliance.
3. The Principal Chief Commissioner or the Chief Commissioner of Central Excise and Service Tax shall identify and intimate to such authorised officer, information pertaining to such manufacturers who are using an induction furnace or rolling mill to manufacture goods falling under Section XV of the First Schedule to the Central Excise Tariff Act whose aggregate value of clearances exceeds one hundred and fifty lakh rupees in the financial year to which the return pertains, by the 30th June of the subsequent financial year.
4. Till such time the formats for electronic filing of return is not finalised, such returns may be received in a computer readable media (Compact Disc Read Only Memory (CD-ROM) or 8 Digital Video Disc (DVO).
Please note the above sentence - Till such time the formats for electronic filing of return is not finalised, such returns may be received in a computer readable media.... What the Board means is - Till such time the formats for electronic filing of return is finalised,...
The not should not have been there. That is why I have been pleading for appointment of an English teacher in the Board.
Please also see RBI and Electricity Authorities to file returns to Central Excise - DDT 2787
CBEC Instruction in F.No.221/01/2016-CX.6., Dated June 6, 2016