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Consequently, it ensures that minimal one% of your output tax legal responsibility shall be discharged in cash making use of e-cash ledger
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♦ This proviso provides electric power into the commissioner or the officer authorised by him In this particular behalf to eliminate
Ans. The Restrict of one% is over the output tax legal responsibility only. Reverse charge payments cannot be considered as payment of output taxes. Thereby, the Restrict of 1% will exclude the percentage of taxes that has been paid less than reverse charge.
The warrant that US Magistrate Steve Kim signed on March 17 offering authorization with the FBI to raid the enterprise even mentioned, “This warrant will not authorize a prison lookup or seizure with the contents of the safety deposit containers.”
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♦ This leisure states that if the individual has paid more than one% utilizing e-cash ledger for discharging OUTPUT TAX upto the reported thirty day period in present fiscal 12 months then this restriction will likely not apply i.