Ssi exempiton
This query is : Resolved
Praveen Kumar K
(Querist)
23 December 2013
1. Two partnership firms are manufacturing different products in different factories and having different PAN numbers.
2. Both the firm comprises of same two partners having same profit sharing ratio.
3. Under Excise For the purpose of 150 lakhs exemption as an SSI, will the Turnover of both the firms be clubbed as both the firms are having same partners with same profit sharing ratio.
2. Both the firm comprises of same two partners having same profit sharing ratio.
3. Under Excise For the purpose of 150 lakhs exemption as an SSI, will the Turnover of both the firms be clubbed as both the firms are having same partners with same profit sharing ratio.
Arun Kumar Singh
(Expert)
23 December 2013
Yes, both company's turnover will be count for the purpose of SSI exemption.
Rupesh Jain
(Expert)
30 May 2014
yes both turnover count for
SSI due to owner ship in same
SSI due to owner ship in same
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