Which means the registration of anyone can be cancelled if fails to comply with the required deposit of 1% on the output tax liability in cash wherever applicable.

e. no really need to shell out one% utilizing cash in latest thirty day period if registered person has ample input tax credit score.

My issue is my ITC is below Rs.one Lac, I paid entire tax payment working with ITC as better amount of tax was paid out to Customs. New registration below GST, nevertheless I have to pay back 1% GST as a result of Cash or You can find any way this can be safeguarded.

Within the warrant application, submitted by Assistant U.S. Atty. Andrew Brown, a press release by FBI agent Lynne Zellhart certain Kim that agents’ inspection of each box would “extend no further than necessary to find out ownership” in order that belongings might be returned the moment The federal government took a listing in the property seized.

Of their lawsuits, box holders assert the FBI is forcing them to give up possibly their Fourth Modification safety versus unreasonable searches and seizures or their Fifth Modification suitable to not incriminate by themselves.

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Jane Bambauer, a legislation professor at the University of Arizona, explained that underneath the limitations Kim imposed to the search, the usage of drug puppies to smell cash inside the containers was a 4th Amendment violation.

It is among 11 fits filed by box holders that find the return of their property and court docket orders declaring the seizures unconstitutional.

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Ans. It mandates cash payment of 1% in the output tax liability with a regular basis for that registered folks who are lined by this rule. This payment of liability in cash could well be expected regardless of the fact that there's an existing harmony within the electronic credit history ledger.

Rule 86B has undergone severe criticism from numerous stakeholders ever Considering that the same has been notified by the Government. It places a restriction on the amount that may be employed in the Digital credit score ledger while building the payment of output taxes.

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Zellhart vowed the FBI would generate a thorough report of every box’s contents, following its written stock guidelines to protect The federal government versus statements of theft or harm and to make sure nothing harmful was stored.