Declaration above turnover of 90 lacs

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 July 2015 if a firm has turnover more than 90 lacs in 2013-14 and he had not submitted declaration form under excise and in 2014-15 it has turnover more than 150 lacs then what procedure should be followed???

Arun Kumar Singh

Arun Kumar Singh (Expert)
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28 July 2015 Only intimation was required at turnover of 90 lakhs sale of goods. You need to registered under central excise before reached the turnover of 1.5cr and after 1.5cr you need to pay excise duty. Now you need to consult with any professional.