Requirement of AIR filing under Excise & Service Tax by SEBs and RBI from 2015-16
The CBEC has notified “Service Tax and Central Excise (Furnishing of Annual Information Return) Rules, 2016″, which shall come into effect from 1st April 2016.
These Rules prescribes that the Annual Information return (AIR) shall be furnished annually by RBI and SEBs for specified transactions/ value beginning 1st April 2015 (i.e. 2015-16) in Form AIRF, along with the Annexures thereto.
Further it may be noted that the AIR shall be filed on or before the 31st December of the financial year following the financial year to which the return pertains and the same shall be filed electronically, in Form AIRF, along with the Annexure of this Form, with the Office of the the Director General of Systems and Data Management.