The smart Trick of 86 cash That Nobody is Discussing
The smart Trick of 86 cash That Nobody is Discussing
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Ans. The worth of all zero-rated provides which include exports and materials to SEZ will be excluded for calculating the Restrict of Rs. fifty lakhs.
Ans. Just one will not ought to cumulatively determine the taxable provides by merging values of the earlier month. One must only find the taxable supplies of the present month to determine if it exceeds Rs. fifty lakhs. If Indeed, a single needs to adjust to this provision.
A Justice of the peace approved the FBI’s seizure of the store’s “enterprise machines” for the medicine and dollars laundering investigation, but barred queries in the packing containers’ contents.
On the flip side, When the turnover is below Rs. six crores in a economic 12 months though the taxable supplies for any month exceeds Rs. 50 lakhs, then Rule 86B stands attracted.
Inverted tax framework offer :- Where by tax rate on input is greater as opposed to tax amount on output ensuing into accumulation of ITC, Consequently refund is authorized and rule 86B will not be used.
c) The registered man or woman has received a refund of in excess of Rs. 1 lakh from the preceding fiscal calendar year below inverted obligation composition
The FBI’s lawful handbook for brokers describes stock lookups being a caretaking functionality. Agents need to not make use of them like a ruse for a “general rummaging” to discover proof of crimes, the Supreme Court docket has ruled.
“The warrants authorize the seizure of your nests in the bins themselves, not their contents,” FBI agent Lynne Zellhart advised Kim, underlining “not” in her sworn assertion requesting look for and seizure warrants.
Rule 86B restrictions the usage of input tax credit history (ITC) offered inside the Digital credit score ledger for discharging the output tax legal responsibility. This rule has an overriding effect on all one other CGST Policies.
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1 lakh as profits tax. This sum must have been paid out in Every of The 2 previous economical several years for which the closing date to file return of revenue underneath subsection segment 139(1) with the said Act has expired.
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