08 February 2011
Dear all, we have made turnover 120lakh from april to jan 2011, now we got 50lakh purchase orders, now we are planed to go for excise, what is the procedure
16 February 2011
You can bill 30 lakhs without excise and 20 lakhs with excise. You may mention in bill that exemption claimed under 8/2003 for Rs., 30 lakhs. You need to register and avail the benefits of credit henceforth.
CAclubindia
