Computation of 150 lakhs for ssi exemption

This query is : Resolved

Deepak Rampuriwani (Querist)
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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

Ajay Raghatate

Ajay Raghatate (Expert)
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06 August 2014 You should consider only Assessable value of goods, don't clubbed transportation charges to calculating turnover limit.

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Rupesh Jain

Rupesh Jain (Expert)
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07 August 2014 you have to take value of goods not the other exp. you are incurred.

Rupesh Jain

Rupesh Jain (Expert)
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07 August 2014 you have to take value of goods not the other exp. you are incurred.

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