The 86 cash Diaries
The 86 cash Diaries
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Hypothetical example(s) are for illustrative reasons only and are not intended to signify the previous or long run performance of any particular financial investment.
Ans. The value of all zero-rated supplies such as exports and materials to SEZ will probably be excluded for calculating the limit of Rs. 50 lakhs.
♦ Price of inverted tax structure supplies shall be A part of value of taxable source for pinpointing applicability of the restriction [i.e. for calculating fifty lakhs limit].
However it might seem to be Rule 86B is to seriously dampen the ease of undertaking business enterprise, the intent driving the notification with the reported provision shouldn't be obscured. It is actually to capture hold of individuals issuing bogus invoices and are ‘fly by night’ operators.
♦ Since one% payment by cash would be to be checked in “current” FY as a result, within the month of April of any monetary year [being the 1st month], this proviso will not be applicable.
256-little bit encryption technologies scrambles your SSN right into a code so advanced that it would acquire billions of years for even the most powerful desktops to decrypt without the crucial.
Ans. Only registered persons who've taxable provides of in excess of Rs. fifty lakhs in a selected thirty day period (subject matter to selected exceptions) must adjust to this provision.
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My issue is my ITC is under Rs.one Lac, I paid out full tax payment applying ITC as increased quantity of tax was compensated to Customs. New registration below GST, nonetheless I should shell out one% GST by means of Cash or There may be any way this can be safeguarded.
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Each time a member receives an email in regards to a credit card debt, make sure you have them go through the entire email. If the member has a matter or demands a computation, reply to the email they been given it from.
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