excise matter
This query is : Resolved
Nitesh Sethiya
(Querist)
25 February 2009
Hi,
One of my client have one marble industry noe he wants ot letout 1/3 of te such land.
Tell me is any excise liability is create on such transaction?
One of my client have one marble industry noe he wants ot letout 1/3 of te such land.
Tell me is any excise liability is create on such transaction?
nilesh kshirsagar
(Expert)
27 February 2009
from your query it is not clear whether the unit is SSI or otherwise
if unit is SSI then the let out amount will be clubed in the turnover for claculating the 1.5 cr limit
if it is allready in excise then no tax liablity on such transaction
but you have to intimate to Excise Departmant About such
if unit is SSI then the let out amount will be clubed in the turnover for claculating the 1.5 cr limit
if it is allready in excise then no tax liablity on such transaction
but you have to intimate to Excise Departmant About such
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