Exemption of turnover limit

[MEHUL ASHAR]

Respected Sir,

As regarding above subject, one of my clients is taking the benefit of ssi exemption under noti.no. 08/2003 regarding about the turnover limit of 1.5 crore & as u know that the FM has announced budget 2016-17, so regarding budget is there any change in turnover limit of ssi exemption or not.Please reply.

THANKING U

AI Summary

Small-Scale Industry Exemption Limit of 1.5 Crore Unchanged Post 2016-17 Budget Announcement A client inquired about potential changes to the small-scale industry (SSI) exemption turnover limit of 1.5 crore under Notification 08/2003 following the 2016-17 budget announcement. Respondents confirmed that no changes were proposed to the exemption limit in the budget. The discussion involved four replies, all agreeing that the threshold remains unchanged.