We are a company involved in supply of fixed furniture items like wardrobes etc for housing projects. If we purchase wardrobe (assembled but without doors) from one supplier and doors from another supplier and accessories purchase from another supplier and hardware purchase from different suppliers , and sale to one customer and bill raised as a one wardrobe set (without processing or doing any production/assembly), will this transaction be treated as trading? This turnover will be added in excisable turnover?
Presently we are not a excisable unit as our turnover is below excise limits. But in near future, we may cross turnover of 1.5 crores, including trading as mentioned above which is over 80% of over total business.
CAclubindia
