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When the registered particular person less than problem has gained a refund of amount increased than Rs.one lakh within the previous economical yr on account of export underneath LUT or because of inverted tax construction.
Prosecutors say that theft, fraud and revenue laundering justify the forfeiture. But the grievance’s only proof was that one of many brothers — it didn't say which just one — experienced allegedly “been in contact with” suspected armed robbers of cellular cell phone shops.
Ans. Only registered persons that have taxable supplies of greater than Rs. fifty lakhs in a certain month (matter to certain exceptions) have to adjust to this provision.
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Thom Mrozek, a spokesman to the office, denied the government was misusing its powers by looking to confiscate box holders’ belongings.
d) The registered particular person has discharged his liability to output tax by means of Digital cash ledger in excess of one% of total output tax legal responsibility used cumulatively upto the reported thirty day period in The present money year
He acquired the money in two authorized settlements, a person to get a spinal injuries in an auto incident and another for Persistent housing code violations in his apartment constructing, Ruiz reported.
Hypothetical instance(s) are for illustrative applications only and are not intended to characterize the earlier or foreseeable future performance of any distinct financial investment.
e. RCM liability shall be discharged ONLY using e-cash ledger. For that reason, utilization of ITC to discharge RCM legal responsibility just isn't permitted at all, As a result the dilemma of imposing this sort of restriction shall not occur
On top of that, he explained, the FBI’s “chaotic and slapdash” stock of her valuables neglected to include $seventy five,000 in gold more info coins that she has now sued to Get well.
♦ However, when it can be established that rule 86B applies, then it has to be checked that if the registered human being falls within the exception offered In this particular proviso
Extending the repayment phrases of the mortgage may perhaps cause additional fascination compensated, along with late service fees, which might greatly raise the full sum you pay back back on the financial loan. Generally, financial loan renewal policies are regulated through the state govt. Learn more regarding your states procedures in regard to personal loan renewal, and thoroughly read through the lender’s conditions right before signing a personal loan contract.
If your registered particular person under issue has discharged his liability toward output tax by Digital cash ledger for an amount of money in excessive of 1% cumulatively of the overall output tax legal responsibility up into the explained month in The present monetary year.