Our manufacturing unit started in F.Y 2012-13, our turnover for F.Y 12-13 is 41 Lakhs. Now in this financial year 13-14 in first quarter turnover is 1 crore . Then my query is- is it required to give declaration of turnover crosses 90 lakhs now or it will consider in next year? or if turnover cross 1.5 crore in next coming months we can directly go for registration?
05 July 2013
You should intimate to the excise department that our turnover is crossed 90 lakhs. upto the 1.5cr you should apply for registration and pay the duty after 1.5cr turnover.
CAclubindia
