86 cash Fundamentals Explained
86 cash Fundamentals Explained
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Alternatively, Should the turnover is under Rs. six crores inside of a economic 12 months though the taxable supplies for just about any month exceeds Rs. fifty lakhs, then Rule 86B stands captivated.
We need your checking account data to confirm your identification and allow lenders to deposit money into your account When your financial loan ask for is permitted. Correctly giving your lender facts makes sure that any transactions are directed to the right account and improves safety towards fraudulent functions.
However, the ITC available in the electronic credit history ledger could generally be fully utilised for discharging the output tax liability. The new Rule 86B has minimal the use of ITC harmony for spending its output tax legal responsibility.
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Ans. It has been Obviously delivered the Restrict is for refund received through the preceding fiscal 12 months regardless of the period of time for which the refund were claimed.
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Ans. The limit of Rs. 1 lakh will likely be calculated for inverted duty structure and zero rated supplies independently. Therefore, the limit to the exports and materials to SEZ developer or device might be clubbed to determine Rs. A single lakh but that from the inverted responsibility composition will be independent.
Early deposit does not utilize to GO2bank accounts opened in a tax Qualified’s Business. The name and Social Safety range on file Using the IRS need to match your GO2bank account to avoid fraud limits over the account.
Therefore, early immediate deposit availability may possibly vary from shell out period of time to pay for interval. The title and Social Protection range on file with all your employer or Rewards supplier will have to match your GO2bank account to avoid fraud constraints within the account. any time you immediate deposit your pay back or Advantages to the GO2bank account.
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Well stated all difficulties, Sir, could you please clarify that whether or not if 1% ITC paid in cash for that thirty day period of January could well be regarded for subsequent months whilst examining the exception proviso to this Rule?
Extend your request to incorporate more fiscal selections that specialize in consolidating unsecured credit card debt.
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