Hence, it implies that minimum amount 1% of the output tax legal responsibility shall be discharged in cash applying e-cash ledger
Mr Modi says he is solely providing on his pre-election assure to deal with corruption and tax evasion.
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Nicely discussed all challenges, Sir, could you please clarify that no matter if if one% ITC compensated in cash for the thirty day period of January will be regarded for subsequent months when examining the exception proviso to this Rule?
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The FBI seized it, turned down his requests to return it which is now shifting to confiscate it without having explanation.
And that's the focus on of Mr Modi's dramatic transfer. Due to the fact much business is done in cash, very few people pay tax on The cash they gain.
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