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CBIC has even further clarified that 1% is to be calculated within the tax liability in a month plus the turnover of your respective thirty day period. 

The greater the place spends on community products like that, the speedier the Indian financial state is probably going to mature - or And so the argument goes.

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Curbing tax evasion is an element on the agenda for your "aadhaar" plan, a giant digital database designed to give many numerous Indians a novel ID,, exterior and of the new Products and Services tax.

Ans. The worth of all zero-rated supplies together with exports and materials to SEZ will be excluded for calculating the limit of Rs. 50 lakhs.

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Inside the U.S. Private Vaults scenario, the FBI’s Could twenty see of forfeiture versus 369 Safe and sound deposit containers marked An important escalation of what was by now a Uncooked Exhibit of power via the FBI and U.S. attorney’s Office environment in Los Angeles.

e. RCM liability shall be discharged ONLY applying e-cash ledger. Hence, utilization of ITC to discharge RCM liability isn't authorized in any respect, Hence the concern of imposing these kinds of restriction shall not come up

It is possible to see the consequences outside just about every lender within the country. I am in Tamil Nadu from the south of India and in this article, as in every other condition from the country, queues of individuals clutching wads of forex extend midway down read more the road.

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♦ if you are a genuine tax payer then you can apply towards the commissioner or authorised officer with

California Beverly Hills keep let criminals stash guns, medicine and cash in vault at strip mall, prosecutors say

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