The 2-Minute Rule for 86 cash
The 2-Minute Rule for 86 cash
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♦ This proviso provides ability for the commissioner or maybe the officer authorised by him During this behalf to get rid of
Hypothetical case in point(s) are for illustrative needs only and therefore are not meant to depict the past or future performance of any unique financial investment.
Once authorized by a lender, your resources are deposited specifically into your account when the following company working day. We have been listed here in your case
Ans. You'll find many entities around India which interact in fake invoicing i.e. situation of invoices with no real source of goods and / or companies. These entities have a bent only to receive credit rating and pass on credit rating to other entities without having making any payment of taxes in cash.
Ans. The Restrict of 1% is about the output tax liability only. Reverse demand payments can't be regarded as payment of output taxes. Thereby, the Restrict of one% will exclude the part of taxes that has been paid beneath reverse demand.
COT vacation will likely be authorized by MPF before the member’s journey through DTS authorization. The member have to make/ compete their authorization in DTS before departure and be permitted by MPF as well as finance staff, powerful Aug 2024.
If the registered person under concern has discharged his legal responsibility to output tax by Digital cash ledger for an amount in excessive of one% cumulatively of the whole output tax liability up towards the stated thirty day period in The existing money 12 months.
By way of this article, the author purports to analyze the provisions and its functional implications by answering the mostly requested issues concerning this rule.
Even though this rule has also introduced authentic taxpayers beneath ambit making it inconvenient for them, the motto of the Government is to prevent fake invoicing and finally curb tax evasion.
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6 January 2022, Myawady, Kayin Point out Thai authorities have to officially authorise Myanmar support personnel to cross the border into Thailand to deliver guidance to refugees fleeing fighting inside eastern Myanmar, In keeping with humanitarian stakeholders. An Formal from your Karen Human Rights Team (KHRG) told DMG that Thai authorities didn't allow the conveyance of relief provides for over one,000 Myanmar refugees using shelter together the Thaungyin click here River near the Thai border, and the refugees need to be delivered with rapid support. “Thai authorities have banned the shipping and delivery of aid supplies towards the refugees. The refugees are wanting foods objects as Mae Htaw Tha Lay checkpoint was shut. That may be why the Thai authorities need to have to provide Formal authorization towards the assist workers to provide help on the refugees,” the Formal added.
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Properly defined all issues, Sir, could you be sure to make clear that irrespective of whether if 1% ITC paid out in cash for the month of January could well be regarded for subsequent months while checking the exception proviso to this Rule?