The 2-Minute Rule for 86 cash
The 2-Minute Rule for 86 cash
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Offering an employer cell phone number considerably will increase your chances of obtaining a financial loan. If you're on benefits, You can utilize the contact number of The federal government Workplace that gives your Positive aspects. Enter Employer Cellular phone
Ans. The value of all zero-rated supplies which includes exports and provides to SEZ might be excluded for calculating the Restrict of Rs. fifty lakhs.
Q.10 Underneath the exception, whether or not the limit is refund gained in the year or refund belonging to the calendar year?
Just after under-going the above constraints and exceptions introduced by Rule 86B, it is clear that the above rule is relevant only to the massive taxpayers. There'll be no effect on micro and smaller companies.
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15. What In case you are a minor teenager dad or mum or pregnant teenager as well as your guardian's property isn't Risk-free to suit your needs or There may be Various other reason You can't Reside there?
Therefore, wherever zero rated supplies are with payment of tax, 1% cash payment will click here still be expected on output tax together with that on zero rated provides.
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♦ Worth of zero-rated materials possibly effected with payment of IGST or effected beneath bond or LuT shall not be included in value of taxable supply for pinpointing applicability of this restriction [i.e. for calculating 50 lakhs Restrict].
Ans. It has been clearly delivered the limit is for refund been given in the course of the preceding money calendar year no matter the time period for which the refund had been claimed.
CBIC has even more clarified that 1% is usually to be calculated within the tax legal responsibility in per month as well as the turnover of your respective thirty day period.
Frommer is often a senior lawyer on the libertarian Institute for Justice in Virginia, exactly where he focuses on challenging governing administration forfeitures.