Trading of raw material in manufacturing unit
This query is : Resolved
04 April 2014
R/Sir,
We are manufacturer of PAPER BAGS & not Registered in Excise. Our annual turnover of PAPER BAGS is less 130 Lacs. But now we have some order for sale of Paper Reels, which is our Raw Material. We also want to do TRADING of Paper from our firm WITHOUT ANY CHANGE IN PAPER.
We want to Know that our sale of Trading of Paper will be also including in exemption limit of 150 Lacs OR NOT.
IF WE CAN DO TRADING, PLEASE TELL US THAT THE SEPARATE BILL BOOK WILL BE NEEDED OR NOT.
Please reply.
Thanks in Advacnce.
We are manufacturer of PAPER BAGS & not Registered in Excise. Our annual turnover of PAPER BAGS is less 130 Lacs. But now we have some order for sale of Paper Reels, which is our Raw Material. We also want to do TRADING of Paper from our firm WITHOUT ANY CHANGE IN PAPER.
We want to Know that our sale of Trading of Paper will be also including in exemption limit of 150 Lacs OR NOT.
IF WE CAN DO TRADING, PLEASE TELL US THAT THE SEPARATE BILL BOOK WILL BE NEEDED OR NOT.
Please reply.
Thanks in Advacnce.
04 April 2014
Trading activity will not fall under the manufacturing. so, trading value will not be count for the SSI exemption.
05 April 2014
SIR, IF WE CAN DO TRADING, PLEASE TELL US THAT THE SEPARATE BILL BOOK WILL BE NEEDED OR NOT.
05 April 2014
Yes, Invoice book will be separate for trading activity.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund of AY 22-23
- Should I include march foreign salary received in April in my income for FY 2023-24?
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- TDR receipts for agreement holder
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Disallowance of Section 43B(h) to sez units
- Intimation wrongly states taxpayer has offerred u/s. 44ad & states probable resolutiton to do audit
- Refund AY 2012-13 and 2013-14
- DIRECT TAX CODE 2025
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
