Detailed Notes on 86 cash
Detailed Notes on 86 cash
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Therefore, it means that minimum one% of the output tax liability shall be discharged in cash employing e-cash ledger
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discharged the legal responsibility pursuing rule 86(B) with the credit history ledger rather than cash ledger. am i accountable for curiosity if compensated discharged through cash ledger later
e. no should spend one% making use of cash in recent thirty day period if registered person has enough input tax credit rating.
Zellhart vowed the FBI would generate a careful document of each and every box’s contents, next its composed inventory guidelines to safeguard The federal government in opposition to statements of theft or problems and to be sure very little dangerous was stored.
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Ans. The limit of one% is about the output tax legal responsibility only. Reverse charge payments can't be regarded as payment of output taxes. Therefore, the Restrict of 1% will exclude the portion of taxes which has been paid out below reverse demand.
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“The 4th Amendment and the forfeiture legal guidelines call for the other — that you have the proof 1st, and then you can take assets.”
Changeover went really effortlessly, I opted for Check out payment and it was been given in lower than each week of them acquiring the gun.
The author argues, having said that, that when demonetization could be the catalyst needed to shift India into the long run, cash will stay king right until You can find huge-scale authorities expense in Internet access and electronic technologies.