The 2-Minute Rule for 86 cash
The 2-Minute Rule for 86 cash
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Box holders who fail to say their property in the next handful of weeks will instantly lose it. Those that obstacle the confiscation have two possibilities.
“The warrants authorize the seizure of your nests from the containers them selves, not their contents,” FBI agent Lynne Zellhart explained to Kim, underlining “not” in her sworn assertion requesting search and seizure warrants.
“They went with a fishing expedition,” Paluch explained. “They painted us all using this type of broad brush as criminals.”
Ans. The Restrict of Rs. 1 lakh will be calculated for inverted duty composition and zero rated provides individually. Thereby, the limit for your exports and provides to SEZ developer or device will probably be clubbed to ascertain Rs. A person lakh but that of the inverted duty construction will be separate.
♦ Nevertheless, when it truly is proven that rule 86B applies, then the following table shall be checked to analyse regardless of whether registered particular person falls inside of exception provided On this proviso.
Rule 86B has gone through significant criticism from a variety of stakeholders at any time Considering that the exact same continues to be notified by the Government. It puts a restriction on the amount that may be employed within the electronic credit score ledger when creating the payment of output taxes.
Ans. The value of all zero-rated supplies together with exports and supplies to SEZ might be excluded for calculating the limit of Rs. fifty lakhs.
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c) The registered person has obtained a refund of in excess of Rs. One particular lakh during the previous fiscal 12 months beneath inverted responsibility structure
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A funds counting calculator may be used in several scenarios that require you to locate a full sum of cash and can easily be used for any of the following:
Q.nine When intending to point out that refund during the preceding financial yr really should be multiple lakh, would the Restrict be calculated for all refunds taken alongside one another?
1 lakh as money tax. This total must have been paid in Each and every of the two previous economical decades for which the deadline to file return of cash flow below subsection section 139(one) of the website said Act has expired.
Well spelled out all concerns, Sir, could you please make clear that no matter whether if one% ITC paid out in cash with the month of January could well be regarded for subsequent months whilst examining the exception proviso to this Rule?