No Need to File Annual Return - CBEC
IN DDT 2965 07 11 2016, we asked, CBEC - Where is that Annual Return?
CBEC has clarified:
Rule 12 of Central Excise Rules, 2002 and Rule 9A of CENVAT Credit Rules, 2004, 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.
In view of impending implementation of Goods & Services Tax (GST) it has been decided that, the aforesaid Annual Return shall not be required to be filed for the year 2015-16 which is due to be filed by 30.11.2016. 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.
Trade may be suitably informed that the aforesaid Combined Annual Return for 2015-16 is not required to be filed.
CBEC Circular No.1050/38/2016-CX., Dated November 08, 2016