Little Known Facts About 86 cash.
Little Known Facts About 86 cash.
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Ans. The worth of all zero-rated supplies such as exports and materials to SEZ might be excluded for calculating the limit of Rs. 50 lakhs.
It is recommended which you cautiously overview the conditions of your bank loan prior to transferring forward. Should you agree to the conditions, you'll be directed into a web page that could request on your e-signature.
discharged the liability subsequent rule 86(B) from the credit score ledger rather than cash ledger. am i liable for interest if paid out discharged by using cash ledger later
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Ans. It mandates cash payment of 1% of the output tax liability over a regular basis for your registered folks who are protected by this rule. This payment of legal responsibility in cash will be demanded irrespective of the fact that there is an current equilibrium in the electronic credit score ledger.
Q.nine When intending to state that refund during the previous financial year need to be more than one lakh, would the Restrict be calculated for all refunds taken alongside one another?
He attained The cash in two legal settlements, a single for your spinal personal injury in a car or truck incident and A different for Serious housing code violations in his condominium constructing, Ruiz said.
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Ans. Let us assume the subsequent case in point if you want to find out the applicability of Rule 86B for month of January 2021:
However, Gluck claimed a forty four-moment “movie inventory” of FBI agents rifling with the box of an eighty-year-aged shopper “places the lie” to The federal government’s guarantees on the magistrate.
Rule 86B has been through check here intense criticism from a variety of stakeholders ever Because the very same has actually been notified by the Government. It places a restriction on the quantity which may be utilised through the electronic credit score ledger although producing the payment of output taxes.
Consequently, RP will have to discharge a minimum of 1% working with cash ledger during the thirty day period of April, if such RP isn't coated in some other proviso
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