Getting My 86 cash To Work
Getting My 86 cash To Work
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DTA has an unwritten policy of not paying TSS once the grantee can be an ineligible noncitizen. Electronic mail [email protected] for help.
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♦ Write-up-amendment : utilization of e-credit rating ledger is restricted to optimum of ninety nine% of output tax legal responsibility
Ans. You will find various entities all over India which interact in pretend invoicing i.e. concern of invoices without the need of true offer of products and / or products and services. These entities have a bent only to get credit history and move on credit history to other entities without making any payment of taxes in cash.
Ans. The Restrict of one% is on the output tax liability only. Reverse cost payments can not be considered as payment of output taxes. Therefore, the limit of 1% will exclude the portion of taxes which has been paid below reverse charge.
The “indicia” of Those people crimes included how the person bundled his cash in thick, slim and broken rubber bands; tightly tape-wrapped paper; financial institution bands; and plastic CVS and paper Superior Neighbor pharmacy bags.
“When it comes to just true-environment, commonsense assessments of how this should perform, what took place was Erroneous,” Bambauer said. “I think It's also very Plainly Mistaken on 4th Amendment doctrine conditions.”
While in the defunct Ruiz forfeiture circumstance, the FBI laid out within a court docket assertion the government’s “possible lead to” to believe that his $57,000 came from drug trafficking.
Applicability: This rule is applicable to registered individuals possessing taxable worth of provide (aside from exempt provide and zero-rated provide) in a month which can be a lot more than Rs.50 here lakh. The limit has to be checked each month before submitting Each individual return.
Federal agents say the usage of rubber bands and various regular ways of storing cash were being indications of drug trafficking or funds laundering.
Ans. Just one would not ought to cumulatively compute the taxable provides by merging values of the earlier thirty day period. A single really should only discover the taxable supplies of the current month to determine if it exceeds Rs. fifty lakhs. If Sure, one ought to adjust to this provision.
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My level is my ITC is under Rs.1 Lac, I paid comprehensive tax payment using ITC as higher amount of tax was compensated to Customs. New registration underneath GST, even now I must pay out one% GST by Cash or There may be any way this can be safeguarded.
Ans. Only registered persons which have taxable provides of more than Rs. 50 lakhs in a selected month (subject matter to specific exceptions) must comply with this provision.