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Ans. The value of all zero-rated supplies which includes exports and materials to SEZ will likely be excluded for calculating the limit of Rs. 50 lakhs.
Drug-sniffing canines at The shop through the raid alerted to traces of medicine on many of the money found in containers, FBI agent Justin Palmerton claimed inside of a court statement. The boxes containing that cash are matter to felony investigation, he reported.
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♦ This peace is connected with RECEIPT of refund of ITC on account of zero-rated provides effected without having payment of IGST i.e. effected below bond or LuT.
Ans. It mandates cash payment of 1% of your output tax liability on the month-to-month foundation with the registered individuals that are included by this rule. This payment of liability in cash could be demanded irrespective of The very fact that there's an present balance in the electronic credit rating ledger.
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The government’s intent all together, their lawyers say, was to go looking each and every box — in defiance of the magistrate’s warrants — for proof towards The purchasers.
♦ RCM liability discharged using cash in current financial yr shall not be taken into account for computing “over 1% of full output tax legal responsibility upto the explained month continues to be discharged in cash”.
♦ Price of zero-rated materials either effected with payment of IGST or effected beneath bond or LuT shall not be A part of price of taxable source for identifying applicability of this restriction [i.e. for calculating 50 lakhs limit].
discharged the legal responsibility subsequent rule 86(B) in the credit score ledger rather than cash ledger. am i answerable for desire if paid out discharged via cash ledger later on
Very well stated all problems, Sir, could you make sure you make clear that no matter if if one% ITC compensated in cash for that thirty day period of January can be viewed as for subsequent months when examining the exception proviso to this Rule?
Prehistoric coloured drawings at Khao Pla Ra is often noticed at click here Khao Pla Ra, a mountain array with verdant jungles, no communities and natural drinking water resources. It is also the home of various wild animals. It's certainly Beautiful normal environment in the region around the cave, and cliffs inside the southwestern Component of the mountain, around 320 metres avove sea level.