Company having turnover less that rs.150 lacs
This query is : Resolved
25 June 2014
Dear Sir,
Our company is a Small Scale Industry having current turnover of about Rs. 8 Crores through local trading sale. Now our Directors are planning to start a furniture manufacturing business by company's name and wants to keep all the papers up to date. Now I want to know that, do we have to apply for Excise Registration Number for the same? Please advise me so that we can start our business by keeping all our papers.
Our company is a Small Scale Industry having current turnover of about Rs. 8 Crores through local trading sale. Now our Directors are planning to start a furniture manufacturing business by company's name and wants to keep all the papers up to date. Now I want to know that, do we have to apply for Excise Registration Number for the same? Please advise me so that we can start our business by keeping all our papers.
07 July 2014
You can go for excise registration after exhausting the first 150 lacs available for SSI units. But after reaching 150 lacs, you have to register, clear the products, pay duty and avail cenvat benefits.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- BIS Certificates
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Capital Gain on EUITY Shares
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
