Ssi turnover 150 lacs limit :
This query is : Resolved
29 August 2012
Respected sir,
we are MRP based and non MRP based (ad valorem) product SSI manufacturer .
1.
for the purpose of 150 lakhs limit calculatiuon ,weather turnover of MRP based product to include 100% or net amount i.e MRP less 35% abatement ??
2.Weather Vat to be included for the purpose of 150 lac limit(we are taking VAT credit)?
we are MRP based and non MRP based (ad valorem) product SSI manufacturer .
1.
for the purpose of 150 lakhs limit calculatiuon ,weather turnover of MRP based product to include 100% or net amount i.e MRP less 35% abatement ??
2.Weather Vat to be included for the purpose of 150 lac limit(we are taking VAT credit)?
29 August 2012
Value for the purpose of 1.5 crores will be calculated on abated value i.e. MRP less 35% abatement.
01 September 2012
Thank you Sir,
here is one more doubt ,Weather State tax i.e VAT to be included to be included for the calculation of 150 lacs limit(WE ARE TAKING CREDIT OF INPUT VAT)
here is one more doubt ,Weather State tax i.e VAT to be included to be included for the calculation of 150 lacs limit(WE ARE TAKING CREDIT OF INPUT VAT)
01 September 2012
Vat will not be include for the purpose of Rs/ 1.5 Crore only Assessable value will be include.
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
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- FORM 26A APPLICABILITY
- Value of property in capital gain
- Copyright software
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
