86 cash Things To Know Before You Buy
86 cash Things To Know Before You Buy
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Ans. One particular doesn't really need to cumulatively work out the taxable provides by merging values of the earlier thirty day period. One particular must only discover the taxable supplies of the present month to ascertain if it exceeds Rs. 50 lakhs. If yes, a single really should adjust to this provision.
If your registered person under problem has discharged his legal responsibility in direction of output tax by electronic cash ledger for an quantity in extra of 1% cumulatively of the entire output tax liability up towards the stated month in The existing money 12 months.
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Providing a license variety enormously increases your probability of obtaining a personal loan. If you don't Use a driver’s license, you may utilize a point out or authorities ID amount. Enter Motorists License
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This rule has become notified in an effort to discourage these entities from issuing These types of fake invoices which results in evasion of tax income and looting of the government treasury. Thus, This could help to control fraudsters who situation faux invoices, demonstrate superior turnovers but haven't any money trustworthiness and flee soon after misusing ITC without payment of taxes in cash.
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