Calculation of threshold exemption limit in excise, if trading turnover is also included..? and vat , sales tax forms part of the amount –turnover..?
If a manufacturing concern , SSI, has a turnover of manufacturing goods say abt Rs. 1.42 crores, and a trading goods turnover of Rs. 20 lacs , still it falls under taxable category since the total turnover exceeds, Rs. 1.5 crores, and what components, like sales tax vat is included in calculation of turnover for calculating exemption threshold.. in case of a unit manufacturing wooden cable drums.. ??
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