Taxation Question:
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What is er1?

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er1 is excise

Meaning of Er1 is - Excise Return 1

this form submit in mfg unit every 10th next month last month all details mentioned in form as like Finished goods opening, mfg, clearance, closing, sale value excise duty, payable duty, credt details, closing bal. total details mentioned in form submit to excise office

E.R.-1 is the Monthly Central Excise Return of Production and Clearance of Excisable Goods.
This is to be filed by the every Manufacturer of Excisable goods in India.
Due date for filing :- Before 10th of subsequent month
To be filed as e-filing in ACES website

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Where we show the brought forwarded losses in the Balance Sheet?Suppose Excisable material sold without charging excise duty, Now after 3 months, I am issuing Supplementary bill to party for Excise payment, now please tell me the interest need to pay for this and also is there need to pay interest if i have sufficient amount of cenvate credit balance in these 3 months?