Section 4: Filing of return and payment of duty etc

4. Filing of return and payment of duty etc.— 6[(1) 7[For every month, a registered person] shall furnish not later than the due date a true and correct return in such manner and form as may be prescribed by the Board by notification in the official Gazette.] 1[(2) Duty due for the dutiable supplies made or services rendered during a month shall be deposited by the registered person in the designated branch of the bank 2[by the date as prescribed in this respect]: Provided that the Board may, by notification in the official Gazette, prescribe any other manner of depositing the duty.] 3[(3)***]. 4(4) A registered person may, subject to approval of the 5[Commissioner Inland Revenue] of Federal Excise having jurisdiction, file a revised return within 6[one hundred and twenty] days of the filing of return under sub-section (1), to correct any omission or wrong declaration made therein 4[:] 7[Provided that the approval under this sub-section shall not be required if revised return is filed within sixty days of filing of the original return and either the duty payable as per the revised return is more than the amount paid or the refund claimed therein is less than the amount as claimed, under the return sought to be revised.] (5) The Board may, by notification in the official Gazette, require any person or class of persons for any goods or class of goods to furnish such summary or details of particulars pertaining to imports, purchases, utilization, consumption, production, sales or disposal of such goods during any month or months in such format and manner as may be specified and provisions of this subsection may be invoked mutatis mutandis in respect of services. (6) The Board may by an order, specify the manner and procedure for filing of return for the purpose of this Act or rules made there under and for payment of duty by electronic means. The Board may specify the manner and procedure for the submission, receipt and transmission of any information for the purpose of this Act or rules made there under by electronic means. (7) Every amount of duty due from any person on any other account shall also be deposited on the prescribed 1[return] in the bank branch designated and in the same manner as aforesaid. 2[(8) The Board may, by rules made under this Act, prescribe a composite return.]

Effective date: 2005-07-01

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