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When your countable acquired revenue is greater than the TAFDC grant and you ought to near your case, you'll want to inform your DTA employee before you shut your scenario, therefore you don’t miss out on out on TSS.
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The motto driving the introduction of this rule is to regulate the issue of pretend invoices to utilize the fake input tax credit rating to discharge liability. Further more, it restricts fraudsters from displaying significant turnovers with out obtaining any economical believability.
When a bank loan has long been taken out, it simply cannot be replaced or refinanced. Nevertheless, some limited exceptions use, which include negotiating to stop foreclosure. The financial loan will keep on being Along with the DST for that expenditure cycle.
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Ans. Only registered persons who definitely have taxable supplies of over Rs. 50 lakhs in a specific month (issue to specified exceptions) should adjust to this provision.
Inverted tax construction supply :- Where by tax rate on enter is larger as opposed to tax price on output resulting into accumulation of ITC, Therefore refund is permitted and rule 86B will not be used.
Should the FBI required to search the packing containers, the lawyers say, it very first necessary to meet the typical for any court-issued warrant: Possible bring about that evidence of specific crimes might be located.
Ans. The limit of Rs. One particular lakh are going to be calculated for inverted responsibility composition and zero rated materials independently. Therefore, the limit to the exports and provides to SEZ developer or unit will probably be clubbed to determine Rs. 1 lakh but that from the inverted responsibility composition might be individual.
fifteen. What When you are a insignificant teen father or mother or Expecting teen as well as your mum or dad's household is not Protected for you personally or There may be A few other explanation you cannot Dwell there?
Applicability: This rule is relevant to registered people getting taxable price of supply (in addition to exempt provide and zero-rated source) in a month which happens to be a lot more than Rs.50 lakh. The limit should be checked every month in advance of filing get more info Just about every return.
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Zellhart vowed the FBI would produce a thorough history of each and every box’s contents, following its created inventory policies to protect the government against claims of theft or harm and to make certain practically nothing dangerous was stored.