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Ans. Compact taxpayers owning less than Rs. fifty lakhs worthy of of taxable provides would not get covered. Also, in the exceptions talked over earlier mentioned, the vast majority of authentic taxpayers are eradicated from your ambit of the rule.

Ans. It's been Obviously furnished the limit is for refund gained over the preceding fiscal yr irrespective of the period of time for which the refund were claimed.

Ans. There are actually numerous entities all over India which have interaction in bogus invoicing i.e. concern of invoices devoid of genuine supply of products and / or services. These entities have a tendency only to acquire credit score and go on credit score to other entities with out producing any payment of taxes in cash.

Ans. The Restrict of 1% is around the output tax liability only. Reverse demand payments can't be considered as payment of output taxes. Thus, the limit of one% will exclude the portion of taxes that has been paid out under reverse demand.

Support workers look for permission from Thai authorities to offer cross-border guidance to Myanmar refugees

“The federal government’s idea is owning cash tends to make you a presumptive felony, and I do think each American must be concerned about that,” reported Johnson, a senior attorney on the libertarian Institute for Justice in Virginia.

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The feds undergo court docket setbacks inside their work to confiscate $86 million in cash seized from Harmless deposit bins they were lawfully barred from looking.

Some legal professionals for box holders say the government’s total Procedure is actually a “revenue seize” to obtain tens of numerous bucks with the Justice Department by way of forfeiture. A spokesman for that U.S. legal professional’s Place of work denied that and claimed some of the cash it recovers will head over to criminal offense victims.

Ruiz is one of around 800 people today whose cash and valuables the FBI seized from Risk-free deposit packing containers they rented at the U.S. Private Vaults retailer in a very strip shopping mall on Olympic Boulevard.

Having said that, the ITC out there during the Digital credit ledger could always be absolutely utilised for discharging the output tax liability. The brand new Rule 86B has restricted the use of ITC equilibrium for shelling out its output tax liability.

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Karen State is made up of one town and nine cities. It's got four districts, 7 townships and 4092 villages.