Computation of ssi limit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2014
1)If two partners have formed three Partnership firm in different name and PAN. in such case for computing SSI limit of 1.5 cr. all the three firms turnover will be clubbed or considered separately.
They are also having three different factory premises in different states.
2)Can the Excise registration be surrendered in case where Turnover had fallen below 1.5 Cr. in current year or is there any time period condition related to that?
For eg.
In year 2010-11 T/O 1.8 Cr
In year 2011-12 T/O 1.7 Cr
In year 2012-13 T/O 1.6 Cr
In year 2013-14 T/O 1.2 Cr
They are also having three different factory premises in different states.
2)Can the Excise registration be surrendered in case where Turnover had fallen below 1.5 Cr. in current year or is there any time period condition related to that?
For eg.
In year 2010-11 T/O 1.8 Cr
In year 2011-12 T/O 1.7 Cr
In year 2012-13 T/O 1.6 Cr
In year 2013-14 T/O 1.2 Cr
Arun Kumar Singh
(Expert)
28 March 2014
Turnover will be clubed for the purpose of SSI exemption. upto 1.5cr no need to take registration.
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