The 86 cash Diaries
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Rule 86B limitations the usage of input tax credit score (ITC) out there while in the Digital credit score ledger for discharging the output tax legal responsibility. This rule has an overriding effect on all one other CGST Regulations.
Typically Whenever your TAFDC closes, DTA must recalculate your SNAP without the TAFDC grant in addition to without any new money during the thirty day period from the closing. You may then get a greater SNAP advantage for five months and will likely not should report any adjustments to DTA all through Those people five months.
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When the registered particular person under issue has acquired a refund of total higher than Rs.1 lakh during the previous monetary yr on account of export below LUT or resulting from inverted tax structure.
Box holders who are unsuccessful to say their assets in the next number of weeks will quickly drop it. Those that obstacle the confiscation have two selections.
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Q.ten Under the exception, if the Restrict is refund obtained in the yr or refund here belonging into the yr?
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d) The registered man or woman has discharged his legal responsibility to output tax as a result of Digital cash ledger in excessive of one% of full output tax legal responsibility utilized cumulatively upto the claimed thirty day period in The present money 12 months
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