Fascination About 86 cash
Fascination About 86 cash
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Billions of bucks in cash cycle day-to-day by way of firms that market marijuana, and experts declare that leaves a detectable odor on expenditures that end up within the hands of people who find themselves neither dealers nor buyers.
Ans. It mandates cash payment of one% in the output tax legal responsibility on a regular basis for that registered persons who're included by this rule. This payment of liability in cash might be needed no matter the fact that there is an current balance while in the Digital credit ledger.
DTA has an unwritten plan of not spending TSS once the grantee is an ineligible noncitizen. E mail [email protected] for help.
♦ Worth of zero-rated provides both effected with payment of IGST or effected beneath bond or LuT shall not be included in value of taxable supply for figuring out applicability of the restriction [i.e. for calculating 50 lakhs Restrict].
Thus if in almost any thirty day period, the limit of Rs. 50 lakhs just isn't crossed although the turnover is more than Rs. 6 crores within a fiscal 12 months, Rule 86B would not should be complied with.
Creator’s impression :- The restriction on utilization is usually to be applied on combination basis. Nevertheless, there are superior chances
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Ruiz’s income was as well minimal for him to get that Considerably revenue, and his facet organization promoting bongs created from liquor bottles advised he was an unlicensed pot vendor, the agent wrote. The FBI also mentioned a Canine experienced smelled unspecified prescription drugs on Ruiz’s click here cash.
Qualities inside of a DST can't get replaced with other properties. That means that a person home can't be bought in order that A further could be obtained.
♦ RCM legal responsibility discharged applying cash in present economic 12 months shall not be taken into account for computing “in excess of one% of full output tax legal responsibility upto the said month is discharged in cash”.