Turnover exceeds 90 lakhs
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2014
We are a manufacturer of Re Processed Granules if our Turnover cross 90 Lacs but not exceed By Rs. 150 Lacs in a F.Y.and we not give any information to Excise department due to limit of exemption Rs. 150 lacs in A F.Y. then can excise department will charged us a penalty for not giving information
Arun Kumar Singh
(Expert)
19 February 2014
Excise department can not demand penalty but you should intimate if your turnover was crossed 90 lakhs.
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