Normal SSI Exemption Limit is

1.5 Crores in Previous Year

If turnover is upto 400 lacs in previous year
then
Exempt upto 150 lacs in current year

Turnover here means Aggregate Domestic Clearances

However for SSI which is a Manufacturer of Jewellery

Limit is

If turnover is upto 1200 lacs in previous year then
Exempt upto 600 lacs in current year

Learn More

 

  1. Indirect Tax
  2. Amendments Indirect Tax for May 2017 Exams

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.