CBIC has additional clarified that 1% is usually to be calculated around the tax liability in per month plus the turnover with the respective month.
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discharged the liability subsequent rule 86(B) through the credit ledger rather than cash ledger. am i accountable for interest if compensated discharged through cash ledger later
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e. RCM liability shall be discharged ONLY utilizing e-cash ledger. For that reason, utilization of ITC to discharge RCM liability is not authorized in any click here way, Therefore the dilemma of imposing these restriction shall not arise
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Ao Manao Thailand's royal spouse and children and particularly previous kings ended up the 1st to established this spot about the map as the initial seashore place in Thailand.
A magistrate approved the FBI’s seizure of The shop’s “business tools” for your prescription drugs and cash laundering investigation, but barred queries from the containers’ contents.
And that is the target of Mr Modi's dramatic shift. For the reason that a lot of business is finished in cash, hardly any persons pay back tax on The cash they make.
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