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
Amount Exempt
Last updated at May 29, 2018 by Teachoo
About the Author
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 11 years. He also provides Accounts Tax GST Training in Delhi and Pune.