Which means that the registration of somebody may be cancelled if fails to comply with the obligatory deposit of one% with the output tax liability in cash wherever relevant.e. no must shell out one% working with cash in recent month if registered particular person has enough input tax credit score.Delivering a license selection significantly will
➜Getting mentioned this, it could be argued in this type of problem, there was no avoidance of any tax liability. Therefore, there is no amount of money payable to The federal government. Thus, there can not be any problem of any tax liability or interest or penalty payable on the contravention of this provision.While this rule has been notified
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