86 cash Secrets
86 cash Secrets
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So, it implies that minimal one% of the output tax liability shall be discharged in cash working with e-cash ledger
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Drug-sniffing dogs at the store over the raid alerted to traces of medicine on most of the dollars found in bins, FBI agent Justin Palmerton claimed within a court docket statement. The boxes made up of that cash are issue to legal investigation, he explained.
Even though it may seem like Rule 86B is usually to seriously dampen the ease of accomplishing enterprise, the intent behind the notification in the explained provision shouldn't be obscured. It truly is to catch keep of people issuing pretend invoices and so are ‘fly by night’ operators.
It is also the place provincial trading has flourished. Daily life revolving within the river inevitably grew from the Neighborhood into the major province that it's right now.
Restriction imposed: The relevant registered individuals simply cannot use ITC in excess of 99% of output tax liability. In basic words and phrases, more than ninety nine% on the output tax liability can not be discharged by utilizing enter tax credit.
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Ans. The Restrict of 1% is to the output tax liability only. Reverse demand payments can not be regarded as payment of output taxes. Therefore, the limit of 1% will exclude the portion of taxes that has been compensated beneath reverse cost.
My stage is my ITC is check here under Rs.1 Lac, I compensated comprehensive tax payment applying ITC as bigger number of tax was paid out to Customs. New registration beneath GST, nevertheless I have to spend one% GST by Cash or There exists any way this can be safeguarded.
♦ This leisure states that if the individual has paid out in excess of one% working with e-cash ledger for discharging OUTPUT TAX upto the reported thirty day period in present-day economical calendar year then this restriction will not utilize i.
The water emanates from the western mountain with the reserve, leading to a medium-sized waterfall that drops down a number of levels right before splashing about the boulders beneath.
If your countable earned profits is in excess of the TAFDC grant and you wish to close your situation, you'll want to notify your DTA employee before you decide to near your situation, so that you don’t miss out on out on TSS.
A two-hour trek and climb is required to obtain on the summit of Khao Plara to perspective the forty furthermore crimson, prehistoric cave paintings about the western caves, the province's prized historic treasure.