The 86 cash Diaries
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Inverted tax construction supply :- Wherever tax amount on enter is bigger as opposed to tax level on output resulting into accumulation of ITC, So refund is allowed and rule 86B is just not applied.
♦ This rest is connected with RECEIPT of refund of ITC on account of zero-rated materials effected without having payment of IGST i.e. effected beneath bond or LuT.
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On the whole, Mrozek reported, a number of elements would guide the FBI to pursue forfeiture in the containers’ contents — which include big stacks of cash held by an individual having a legal read more report or no recognized supply of earnings.
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The indictment claims U.S. Personal Vaults marketed alone to bring in criminals who wished to keep valuables anonymously and preserve tax authorities at bay.
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The money and items are Among the many contents of about 800 safe deposit boxes the FBI seized in late March in the course of a five-day raid in the U.S. Personal Vaults keep within an Olympic Boulevard strip mall recognized for its kosher vegan Thai restaurant.
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It is one of eleven suits filed by box holders that search for the return of their home and courtroom orders declaring the seizures unconstitutional.
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For that reason, where zero rated supplies are with payment of tax, 1% cash payment will even now be demanded on output tax such as that on zero rated provides.