discharged the liability adhering to rule 86(B) from the credit rating ledger in lieu of cash ledger. am i chargeable for fascination if compensated discharged by means of cash ledger afterwards

Far more distant locations or streets not nicely-protected by Bangkok bus routes can typically be attained by songtaew, a local usually means of community transportation in Bangkok that are actually pickup vehicles With all the roof and two benches for the again.

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Ans. It's been Plainly offered the Restrict is for refund gained through the preceding money calendar year irrespective of the interval for which the refund were claimed.

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

Take note: E-Finance is no longer accustomed to method GSU journey vouchers. If member is not able to go to an in-man or woman appointment, GSU associates need to submit their vacation voucher offer via CSP only.

♦ This proviso offers energy into the commissioner or the officer authorised by him With this behalf to remove

e. no must pay one% using cash in recent thirty day period if registered individual has ample enter tax credit score.

Alternatively, In case the turnover is a lot less than Rs. six crores in a very 86 cash money calendar year though the taxable supplies for virtually any month exceeds Rs. fifty lakhs, then Rule 86B stands captivated.

The cash and goods are Among the many contents of about 800 Protected deposit boxes the FBI seized in late March through a five-working day raid on the U.S. Private Vaults retail store in an Olympic Boulevard strip shopping mall known for its kosher vegan Thai cafe.

Thom Mrozek, a spokesman to the Business office, denied the government was misusing its powers by wanting to confiscate box holders’ belongings.

Having explained this, it could be argued in such a scenario, there was no avoidance of any tax legal responsibility. As a result, there isn't a amount payable to the government. Therefore, there cannot be any problem of any tax liability or fascination or penalty payable to the contravention of the provision.

Following going through the above mentioned restrictions and exceptions launched by Rule 86B, it is clear that the above rule is relevant only to the large taxpayers. There'll be no impact on micro and smaller organizations.