86 cash for Dummies
86 cash for Dummies
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♦ Should you be a genuine tax payer Then you can certainly implement for the commissioner or authorised officer with
Brown replied that Paluch wasn't entitled to a copy in the warrant served on U.S. Personal Vaults Which he would wish to plead his case for the FBI.
Even so, the ITC offered inside the Digital credit ledger could usually be fully utilised for discharging the output tax legal responsibility. The new Rule 86B has confined the usage of ITC balance for spending its output tax liability.
In the event the registered person underneath concern has discharged his liability toward output tax by electronic cash ledger for an volume in excessive of one% cumulatively of the entire output tax legal responsibility up into the stated month in The present money calendar year.
Ans. You can find many entities all over India which have interaction in fake invoicing i.e. concern of invoices with out actual supply of goods and / or providers. These entities have a tendency only to receive credit history and move on credit history to other entities with out earning any payment of taxes in cash.
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e. RCM liability shall be discharged ONLY making use of e-cash ledger. For that reason, utilization of ITC to discharge RCM legal responsibility will not be permitted in the slightest degree, thus the query of imposing this sort of restriction shall not come up
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♦ Price of zero-rated supplies either effected with payment of IGST or effected beneath bond or LuT shall not be A part of price of taxable source for figuring out applicability of this restriction [i.e. for calculating 50 lakhs Restrict].
discharged the liability next rule 86(B) from the credit score ledger instead of cash ledger. am i answerable for fascination if paid out discharged by means of cash ledger later
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Prehistoric coloured drawings at Khao Pla Ra might be seen at Khao Pla Ra, a mountain selection with verdant jungles, no communities and natural water sources. It is usually the home of numerous wild animals. It's definitely Beautiful normal environment in the region around the cave, and cliffs inside the southwestern Component of the mountain, around 320 metres avove sea level.