Er 1 liability


This query is : Resolved 

01 December 2015 Dear Sir,

Pls clear who is liable to file ER1, and what is the notification no

Regards
Surajit Manna

Dipesh (Expert)
01 December 2015 All Assessee is liable to filing ER-1 except SSI unit.

Dipesh (Expert)
01 December 2015 All Assessee is liable to filing ER-1 except SSI unit.

02 December 2015 sir , what is the turnover salve , pls clear

Dipesh (Expert)
02 December 2015 Exemption under notification, no. 8/2003 CE is applicable to SSI units, the main criterial which is taken into account for deciding the eligibility for exemption is that the turnover of Rs. 4 crores in the preceding financial year.

According to the conditions of the notification, a manufacturing unit can avail the SSI exemption upto Rs. 1.5 crore in the current financial year, if the turnover of the previous year is not exceeding Rs. 4 crores.


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