Computation of 150 lakhs for ssi exemption
This query is : Resolved
05 August 2014
Dear Sir/Ma'am
i have a query related to SSI exemption
As per notification no. 08/2003 we are entitled to SSI exemption.
now one problem has occurred while calculating 150 lakhs limit.we are issuing invoice. the format of the same is as follows :
10000 bricks @ 3.85 = 38500
Add : transport exps
(10000 bricks @ 0.65) = 6500
Total amount = 45000
now the problem is that whether this transport amount would be includible or not for the calculation of 150 lakhs limit.
Please Guide
Thanks In Advance
Best Regards
Deepak
i have a query related to SSI exemption
As per notification no. 08/2003 we are entitled to SSI exemption.
now one problem has occurred while calculating 150 lakhs limit.we are issuing invoice. the format of the same is as follows :
10000 bricks @ 3.85 = 38500
Add : transport exps
(10000 bricks @ 0.65) = 6500
Total amount = 45000
now the problem is that whether this transport amount would be includible or not for the calculation of 150 lakhs limit.
Please Guide
Thanks In Advance
Best Regards
Deepak
06 August 2014
You should consider only Assessable value of goods, don't clubbed transportation charges to calculating turnover limit.
Message likes :
1 times
07 August 2014
you have to take value of goods not the other exp. you are incurred.
07 August 2014
you have to take value of goods not the other exp. you are incurred.
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
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- Free lancer income
- What is provisional receipt number for generation of form 16A
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- TDS related Query_Liquidated Damages
- Form 27Q Correction statement taking too long to update on IT Portal
- NON- SUBMISSION OF LLP FORM 3
- Regarding IMS Mandatory from 1st July 2026
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- 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
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
