Hello Everyone.
I wish to know if SSI Exemption vide notification no. 8/2003 is available after excise registration.
4 Replies
CA. Kuldeep Singhi
(Entrepreneur)
(424 Points)
Replied 26 June 2013
Ya bro u regstr for excise whn ur T/O exceeds 150 L & if ur T/O in tht yr dont exceed 400 L thn u remain SSI for next yr. So u can claim SSI exemption
Omkar Shirsat
(CA Final Student)
(72 Points)
Replied 26 June 2013
Thanks alot Mr. Kuldeep.
That helped 
anil mishra
(Student CMA)
(33 Points)
Replied 26 June 2013
ya if turnover exceeds 150 lacs in current year then it is required to get registerd for paying liability. otherwise no need to register but if in last year turnoover exceeds 400 lacs then you can not claim ssi exemption in current year and you have to pay duty.
Z
(Tax Consultation (US and India))
(2970 Points)
Replied 27 June 2013
But you need to give DECLARATION when your aggregate value of clearance reaches 90 Lakhs
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