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Aggregate value of clearances in current year upto 150 lacs is exempt

Hence in simple language,

If turnover is upto 400 lacs in previous year

 

then

Exempt upto 150 lacs in current year

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi and Kerala.