e. RCM legal responsibility shall be discharged ONLY utilizing e-cash ledger. Thus, utilization of ITC to discharge RCM liability is just not allowed in any way, As a result the question of imposing such restriction shall not crop up
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♦ Provision starts with non-obstante clause :- which means that the provision laid out in this rule will prevail
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Enter tax credit history performs an important purpose in GST by avoiding cascading outcome of taxation. The purchase of utilisation of ITC for various parts which include CGST, SGST and IGST has gone through lots of modifications.
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You should assessment the regulations in the condition To find out more with regard to the implications of not repaying a payday bank loan.
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Ans. Let's assume the subsequent example in order to determine the applicability of Rule 86B for month of January 2021:
Therefore if in almost any thirty click here day period, the limit of Rs. 50 lakhs is just not crossed but the turnover is a lot more than Rs. six crores in a very fiscal yr, Rule 86B isn't going to have to be complied with.