20 February 2012
I am a prtner of a firm of manufacturing plastic moulded items not having Excise Registration . I have started another unit of manufacturing Plastic moulded items along with my family members at another District recently. whether the turn over is clubbed by Excise Department for Registartion purpose and for Liable for ED if the combined turn over exceeds Rs 150 Lakhs.Please give a reply
20 February 2012
Firm is a seperate identity, and it cant be clubbed unless 1) funds flow / transaction relation between both the companies has been established to evade taxes. 2) common person is the only person who is responsible to run both the companies Or Clubbing is also possible if two units are sham or bogus or if there is unity of interest and practically they are one. I think there will not be any clubbing in your case.
CAclubindia
