SSI Unit
This query is : Resolved
01 January 2011
If Turnover of Any manufacturing unit exceeds 1.5 crore than will it loose the exemption if SSI Unit...
If same is the case than it has to take credit of capital goods 50% in the current year and balance in the next year ?
If turnover of a manufacturing company is 20 crore than how it can avail the credit of capital goods..Please respond.
If same is the case than it has to take credit of capital goods 50% in the current year and balance in the next year ?
If turnover of a manufacturing company is 20 crore than how it can avail the credit of capital goods..Please respond.
01 January 2011
Hi
the basic exemption of excise duty is 1.5 crore. up to the 1.5 crore no need to take the excise registration .
further the actual excise exemption for SSI unit is 4 crore not 1.5 crore.
to avail the credit of capital goods 50% for the current year.
and balance next year.
the basic exemption of excise duty is 1.5 crore. up to the 1.5 crore no need to take the excise registration .
further the actual excise exemption for SSI unit is 4 crore not 1.5 crore.
to avail the credit of capital goods 50% for the current year.
and balance next year.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- When TDS on GST applied
- Requirement of tax deduction at source by individual
- 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
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
