e. RCM legal responsibility shall be discharged ONLY using e-cash ledger. For that reason, utilization of ITC to discharge RCM liability is just not allowed at all, Therefore the query of imposing this sort of restriction shall not come up
Hypothetical illustration(s) are for illustrative functions only and they are not intended to characterize the past or foreseeable future effectiveness of any distinct expenditure.
A magistrate licensed the FBI’s seizure of the store’s “business devices” to get a drugs and income laundering investigation, but barred searches of your packing containers’ contents.
♦ Value of inverted tax construction materials shall be included in value of taxable provide for pinpointing applicability of the restriction [i.e. for calculating 50 lakhs limit].
Ans. The limit of one% is about the output tax liability only. Reverse demand payments can't be considered as payment of output taxes. Thereby, the limit of 1% will exclude the percentage of taxes which has been compensated less than reverse charge.
Aid personnel seek out authorization from Thai authorities to deliver cross-border help to Myanmar refugees
Ans. It mandates cash payment of one% of the output tax legal responsibility on a regular basis for the registered persons that are included by this rule. This payment of legal responsibility in cash will be needed irrespective of the fact that there is an current equilibrium in the electronic credit score ledger.
Within the U.S. Personal Vaults scenario, the FBI’s May well twenty notice of forfeiture from 369 Risk-free deposit bins marked A significant escalation of what was previously a raw Screen of electric power because of the FBI and U.S. attorney’s Business office in L. a..
TLA is looked after with the housing Place of work. If professing TLA from the past abroad obligation site, it needs to be taken care of at that responsibility station and never Ramstein
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Therefore the registration of somebody is often cancelled if fails to comply with the necessary deposit of 1% in the output tax liability in cash anywhere applicable.
TSS stipends commence any time a situation has long been closed for thirty times on account of countable earned cash flow. The stipends are compensated according to the adhering to program:
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