86 cash Secrets
86 cash Secrets
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Bung Khok Chang Historic Town was a town surrounded by a moat and an earth wall. A sacred pond is with the outer corner of each and every wall. Artifacts unearthed listed here contain equipment, utensils along with a stone scripture in Mon.
This clearly showed the necessity of the river and the lifestyle with the individuals residing off it in that period of time.
Then again, Should the turnover is lower than Rs. 6 crores in the economical year however the taxable provides for just about any month exceeds Rs. 50 lakhs, then Rule 86B stands attracted.
Restriction imposed: The applicable registered folks are unable to use ITC in excessive of ninety nine% of output tax legal responsibility. In straightforward text, much more than ninety nine% in the output tax liability can't be discharged through the use of input tax credit history.
Delivering a license amount enormously will increase 86 cash your possibility of acquiring a financial loan. If you don't Possess a driver’s license, it's possible you'll utilize a condition or authorities ID quantity. Enter Drivers License
fifteen. What When you are a slight teenager parent or Expecting teenager and your dad or mum's residence is not really Secure in your case or There may be Another purpose You can't live there?
No, we will never use your bank info to choose resources out of your account. It is actually made use of only for verifying your identification and creating deposits for authorized money. How do I recognize that my lender information and facts won't be compromised?
♦ RCM liability discharged applying cash in current financial year shall not be taken into account for computing “over one% of complete output tax legal responsibility upto the claimed month continues to be discharged in cash”.
♦ Price of zero-rated provides possibly effected with payment of IGST or effected below bond or LuT shall not be included in price of taxable offer for identifying applicability of this restriction [i.e. for calculating fifty lakhs Restrict].
discharged the legal responsibility pursuing rule 86(B) throughout the credit ledger in lieu of cash ledger. am i chargeable for curiosity if compensated discharged by way of cash ledger afterwards
I did not use rule 86B in a particular month. Would there be considered a penalty, curiosity or reversal of ITC in subsequent month?
Thereby if in any thirty day period, the limit of Rs. 50 lakhs is not crossed however the turnover is in excess of Rs. six crores inside of a economical 12 months, Rule 86B does not need to be complied with.