Which means that the registration of somebody could be cancelled if fails to comply with the necessary deposit of 1% from the output tax liability in cash anywhere relevant.
During the not likely occasion of unauthorized accessibility, our system is intended to detect and respond swiftly to mitigate any prospective effects and safeguard you from fraud. Are you presently certain you ought to skip this step?
My stage is my ITC is under Rs.1 Lac, I paid out comprehensive tax payment applying ITC as better volume of tax was paid out to Customs. New registration beneath GST, nevertheless I have to pay one% GST by way of Cash or There exists any way this can be safeguarded.
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“In terms of just real-world, commonsense assessments of how This could perform, what took place was Improper,” Bambauer reported. “I think It is additionally quite Plainly Incorrect on 4th Modification doctrine conditions.”
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Rule 86B has gone through serious criticism from various stakeholders at any time Because the exact has actually been notified by the website Government. It places a restriction on the amount that may be utilized from the electronic credit ledger when creating the payment of output taxes.
Q.7 Are there any exceptions to the listing of registered folks who're needed to comply with this rule?
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