Dear
If X person is manufacturing furniture items like table, chair, bed etc in his shop & selling at his shop only. is it liable to excise duty or Vat or both. Please help.
Ragards
Rajesh
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Excise duty on manufacture of furniture item
Replies (3)
Dear rajesh it depend on your turnover/sales. Threshold limit for vat is 20lakhs as per latest amendment. You should check your state vat for the same and get yourself registered . May be excise will not be applicable in your case but not sure. Regards
Furniture also come under excise able goods. Central Excie turn over limit is 1.50 Cr. When your crossing the limit, you have to registered with central excise and pay duty as mentioned in excise tariff.
Furniture also come under exciseable goods. Central Excie turnover limit is 1.50 Cr. When you are crossing the limit, you have to registered with central excise and pay duty as mentioned in excise tariff.
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