Taxable turnover under excise

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 June 2014 WHETHER SALES LABOUR BILLS ARE INCLUDED IN GROSS TURNOVER FOR FIXING EXCISE LIMIT AS PER E.G. SALES LABOUR IS RS. 6 LACS AND OTHER TURNOVER IS RS, 1.48 CRORES.

SO, TOTAL TURNOVER IS RS. 1.54 CRORES.

WHAT LIMIT WILL BE CONSIDERED ? RS.1.54 CRORES OR RS. 1.48 CRORES ?

Arun Kumar Singh

Arun Kumar Singh (Expert)
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14 June 2014 For the purpose of valuation of goods assessable value of the goods will be count for ssi exemption. value of services will not be count for ssi exemption. you should consult with any professional.