e. no should spend one% making use of cash in recent thirty day period if registered man or woman has adequate input tax credit history.
Ans. The worth of all zero-rated materials such as exports and provides to SEZ will be excluded for calculating the limit of Rs. 50 lakhs.
Ans. 1 does not must cumulatively compute the taxable supplies by merging values of the sooner month. 1 must only locate the taxable supplies of the present month to ascertain if it exceeds Rs. 50 lakhs. If Certainly, 1 really should comply with this provision.
While it could appear to be Rule 86B is usually to severely dampen the benefit of undertaking business enterprise, the intent at the rear of the notification of your reported provision really should not be obscured. It's to catch keep of individuals issuing phony invoices and are ‘fly by evening’ operators.
In the event you default about the payments within your loan you may well be accountable for added charges. At 86 cash we attempt to operate with lenders that use truthful and authorized selection actions to rectify a bank loan that has not been repaid.
Ans. It mandates cash payment of 1% with the output tax liability with a regular basis to the registered folks who're included by this rule. This payment of liability in cash would be expected irrespective of The very fact that there's an present balance from the electronic credit score ledger.
As a result, RP will have to discharge no less than one% using cash ledger while in the thirty day period of April, if these types of RP is not coated in every other proviso
fifteen. What In case you are a slight teen more info mother or father or Expecting teenager and also your mum or dad's property isn't safe for you or There exists A few other reason You can't Dwell there?
When the registered human being beneath issue has gained a refund of quantity bigger than Rs.1 lakh from the preceding fiscal year on account of export beneath LUT or as a result of inverted tax composition.
The FBI seized it, turned down his requests to return it which is now relocating to confiscate it devoid of rationalization.
When permitted by a lender, your cash are deposited directly into your account as soon as the following organization working day. We have been in this article for you
Ans. It's been Plainly supplied the Restrict is for refund received over the preceding money year regardless of the interval for which the refund had been claimed.
Effectively discussed all difficulties, Sir, could you be sure to explain that whether if one% ITC compensated in cash with the thirty day period of January could well be considered for subsequent months while examining the exception proviso to this Rule?
The Thai Laos ethnic minorities emigrated from Burma towards the compact village of Coke Mor in the course of the Rattanakosin period, and so are renowned for his or her big variety of regionally manufactured hand woven cloths, showcasing present day and traditional style and design patterns.