Inverted tax composition supply :- Where by tax amount on input is higher than the tax amount on output ensuing into accumulation of ITC, As a result refund is authorized and rule 86B is not utilized.
As for Ruiz, Mrozek claimed The federal government by no means accused him of a criminal offense, but uncovered “probable induce to believe that the money in his box were being connected to drug trafficking.”
Ans. You'll find numerous entities all over India which have interaction in faux invoicing i.e. challenge of invoices devoid of precise provide of goods and / or providers. These entities have an inclination only to receive credit history and move on credit score to other entities without having building any payment of taxes in cash.
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As soon as Ruiz turned around information confirming the payments — just one for any car or truck incident harm and another for Continual housing code violations at his apartment making — the FBI, underneath courtroom get, gave back again his income.
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No general public marketplace at present exists, and one particular may possibly under no circumstances exist. DST systems are speculative and ideal only for Accredited Buyers who don't foresee a need for liquidity or can pay for to shed their full investment.
No celebration might nominate over three candidates. If no applicant achieves the required votes in the 1st round, Parliament may possibly look at more info Some others for that article. 5 June 2019
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Drug-sniffing canine at The shop during the raid alerted to traces of medicines on almost all of the revenue found in boxes, FBI agent Justin Palmerton claimed within a courtroom statement. The containers that contains that cash are matter to legal investigation, he mentioned.
♦ Post-amendment : utilization of e-credit ledger is restricted to highest of 99% of output tax liability