In case the registered person beneath problem has acquired a refund of amount of money higher than Rs.one lakh inside the preceding economic year on account of export below LUT or as a consequence of inverted tax structure.
♦ This relaxation states that if the person has compensated more than one% utilizing e-cash ledger for discharging OUTPUT TAX upto the claimed month in existing fiscal 12 months then this restriction will not apply i.
Moreover, there will usually be described as a minimal harmony that should be maintained. Take into account that there can also be every month expenses or constraints on simply how much you'll be able to withdraw, depending on the institution.
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In civil forfeitures, no legal conviction is necessary. The government just needs to confirm that it’s additional probable than not that The cash or assets it seeks to confiscate was associated with criminal action.
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Thus, wherever zero rated provides are with payment of tax, 1% cash payment will still be required on output tax including that on zero rated provides.
Federal agents experienced suspected for years that criminals were being stashing loot there, and they assert that’s exactly what they uncovered. The government is attempting to confiscate $86 million in cash along with a stockpile of jewellery, rare cash and important metals taken from about fifty percent of the containers.
No general public current market presently exists, and a single could by no means exist. DST applications are speculative and suitable only for Accredited Buyers who tend not to anticipate a necessity for liquidity or can manage to lose their overall financial investment.
As a result, it ensures get more info that minimal 1% on the output tax liability shall be discharged in cash working with e-cash ledger
Hypothetical illustration(s) are for illustrative needs only and therefore are not meant to characterize the previous or future general performance of any precise expenditure.
When you default to the payments of the mortgage you may well be chargeable for more costs. At 86 cash we strive to operate with lenders that use honest and lawful collection steps to rectify a mortgage which includes not been repaid.
The feds experience courtroom setbacks inside their work to confiscate $86 million in cash seized from Secure deposit bins they were lawfully barred from looking.