Not known Factual Statements About 86 cash
Not known Factual Statements About 86 cash
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discharged the liability following rule 86(B) from the credit ledger instead of cash ledger. am i liable for interest if paid out discharged through cash ledger afterwards
♦ Price of inverted tax framework supplies shall be included in price of taxable provide for figuring out applicability of the restriction [i.e. for calculating 50 lakhs Restrict].
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Not legitimate with another supply. Limit just one advertising incentive for every GO2bank consumer and 1 redemption for each registered account. Provide price of $5.00 may well only be additional to the registered account and may not be redeemed for cash. Present sponsored by Ingo Funds. GO2bank would not endorse or sponsor this offer you. Make sure to enter GO2get5 to receive your just one-time $5 credit score and faucet “Apply”.** The $5 promo code offer you is legitimate just for buyers who productively utilize the $5 promo code during the GO2bank mobile application before the promo code expires on twelve/31/24. The $five promotional incentive is going to be included for your accredited Test amount and transaction detail is going to be managed in your GO2bank transaction background. All checks matter to evaluation for acceptance. Service fees may well use. Pay a visit to for finish aspects. Not legitimate with another offer. Restrict one marketing incentive for every GO2bank user and 1 redemption for each registered account. Supply worth of $5.00 may only be included towards your registered account and is probably not redeemed for cash. Supply sponsored by Ingo Dollars. GO2bank doesn't endorse or sponsor this provide.
Q.7 Are there any exceptions into the listing of registered persons who are needed to comply with this rule?
e. no ought to fork out 1% employing cash in recent month if registered individual has adequate enter tax credit history.
Ans: The Commissioner or any officer approved by him have already been presented the ability to remove the restrictions after such verification and safeguards as he may deem fit. This means that the legitimate taxpayers that are unintentionally going through the brunt of this rule have a possibility of creating an application prior to the Division.
The motto guiding the introduction of the rule is to manage The difficulty of faux invoices to use the phony input tax credit score to discharge liability. Further more, it restricts fraudsters from displaying superior turnovers without having getting any financial trustworthiness.
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My position is my ITC is below Rs.1 Lac, I paid full tax payment using ITC as higher degree of tax was compensated to Customs. New registration less than GST, even now I have to pay back 1% GST by way of Cash or There is certainly any way this can be safeguarded.
Nonthaburi is really a province promptly to the north of Bangkok, but these kinds of is the scale of Bangkok that It really is tough to convey to the place Bangkok ends and Nonthaburi starts, so I contain Nonthaburi like a subset in the Bangkok guide.