Restriction imposed: The relevant registered people cannot use ITC in excessive of ninety nine% of output tax legal responsibility. In uncomplicated words and phrases, greater than ninety nine% from the output tax liability can not be discharged by making use of enter tax credit rating.The opposite should be to contest the forfeiture by June 24, wh
A single lakh as earnings tax. This amount of money must have been paid in Every single of The 2 preceding money many years for which the deadline to file return of earnings beneath subsection segment 139(one) in the claimed Act has expired.Prosecutors also manufactured scant proof in One more forfeiture circumstance to confiscate a lot more than $
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