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Ans. The Restrict of Rs. Just one lakh will be calculated for inverted duty structure and zero rated supplies independently. Thus, the Restrict with the exports and materials to SEZ developer or unit is going to be clubbed to find out Rs. One particular lakh but that with the inverted obligation construction will be independent.

Federal brokers say the use of rubber bands and various common methods of storing cash ended up indications of drug trafficking or funds laundering.

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Brown responded: “Remember to rest assured which the contents of the box are Secure and protected, and that we wish to return all legitimately held objects to their rightful house owners.” He informed Paluch the FBI was vetting all box holders’ promises and urged him to collect records to the things he saved.

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Ans. The Restrict of one% is about the output tax legal responsibility only. Reverse charge payments cannot be considered as payment of output taxes. Therefore, the Restrict of one% will exclude the percentage of taxes that has been compensated below reverse cost.

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CBIC has further clarified that 1% should be to be calculated within the tax legal read more responsibility in per month and also the turnover on the respective thirty day period. 

Agents checked on Ruiz’s “holysmokescrafts” e mail address, uncovered his sideline making bongs and concluded he “can be involved in the cannabis sector in other ways,” Zellhart wrote.

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