The 86 cash Diaries
The 86 cash Diaries
Blog Article
Bangkok is usually a town of extremes: for every luxury resort, there’s a crappy hostel where you can stay the night time for a number of euros.
Therefore, RP will have to discharge no less than 1% working with cash ledger while in the month of April, if these RP is not really covered in almost every other proviso
♦ Write-up-Modification : utilization of e-credit ledger is restricted to most of ninety nine% of output tax liability
Our on-line kinds are straightforward to fill out with the ease and comfort of your own personal home and can be completed in minutes.
♦ Price of zero-rated supplies possibly effected with payment of IGST or effected under bond or LuT shall not be A part of price of taxable provide for deciding applicability of this restriction [i.e. for calculating fifty lakhs limit].
He also reported the government had “overstepped its bounds” in its lookup, seizure and tried confiscation of the customers’ income and assets.
d) The registered individual has discharged his liability in the direction of output tax by means of electronic cash ledger in surplus of one% of full output tax legal responsibility applied cumulatively upto the claimed month in The present financial 12 months
Federal agents had suspected For some time that criminals were being stashing loot there, they usually assert that’s what precisely they uncovered. The federal government is trying to confiscate $86 million in cash along with a stockpile of jewellery, exceptional coins and treasured metals taken from about fifty percent from the boxes.
Ans. The Restrict of one% is on the output tax liability only. Reverse charge payments can't be considered as payment of output taxes. Therefore, the Restrict of one% will exclude the portion of taxes which has been compensated under reverse demand.
e. RCM legal responsibility shall be discharged ONLY employing e-cash ledger. Consequently, utilization of ITC to discharge RCM legal responsibility isn't permitted in the slightest degree, Hence the dilemma of imposing these kinds of restriction shall not crop up
A lot of travellers visit Thailand at least a couple of times a year for per month or more. For these men and women, it’s worthy of finding a extended-term Option like opening a checking account in Thailand and possibly transferring a significant sum from businesses like Sensible, Currencies Immediate, and Azimo – or bringing your cash around, exchanging it, and afterwards putting it straight to the Thai more info account.
♦ However, once it truly is founded that rule 86B applies, then it has to be checked that if the registered human being falls within the exception offered With this proviso
♦ When you are a real tax payer Then you can certainly use for the commissioner or authorised officer with
Possessing reported this, it could be argued in this kind of scenario, there was no avoidance of any tax liability. That's why, there's no volume payable to The federal government. Therefore, there can't be any problem of any tax legal responsibility or desire or penalty payable over the contravention of the provision.