we are MRP based and non MRP based (ad valorem) product SSI manufacturer . 1. for the purpose of 150 lakhs limit calculatiuon ,weather turnover of MRP based product to include 100% or net amount i.e MRP less 35% abatement ?? 2.Weather Vat to be included for the purpose of 150 lac limit(we are taking VAT credit)?
01 September 2012
Thank you Sir, here is one more doubt ,Weather State tax i.e VAT to be included to be included for the calculation of 150 lacs limit(WE ARE TAKING CREDIT OF INPUT VAT)
CAclubindia
