The FBI has returned the contents of about 75 containers and ideas to provide again the merchandise present in at the very least one hundred seventy five much more, for the reason that there was no evidence of criminality, Mrozek reported. Federal brokers have not decided who owns what was saved in many other containers.

♦ This leisure is linked with RECEIPT of refund of ITC on account of zero-rated provides effected devoid of payment of IGST i.e. effected below bond or LuT.

♦ RCM legal responsibility discharged employing cash in latest monetary year shall not be taken into account for computing “a lot more than 1% of full output tax legal responsibility upto the explained month has actually been discharged in cash”.

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Prosecutors also created scant evidence in One more forfeiture circumstance to confiscate much more than $900,000 from the box holder whose identity they are actually not able to master. They accused him of remaining “both a top-amount drug trafficker or income launderer.”

COT travel will be authorised by MPF just before the member’s vacation by means of DTS authorization. The member should make/ contend their authorization in DTS in advance of departure and be authorized by MPF along with the finance workforce, effective Aug 2024.

d) The registered person has discharged his liability toward output tax as a result of electronic cash ledger in extra of one% of complete output tax legal responsibility applied cumulatively upto the stated thirty day period in The existing monetary year

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However the FBI has become seeking to confiscate $86 million in cash and countless pounds a lot more in jewelry as well as other valuables that agents found in 369 with the containers.

Inverted tax composition supply :- In which tax charge on input is increased as opposed to tax amount on output ensuing into more info accumulation of ITC, thus refund is authorized and rule 86B just isn't used.

Ans. Just one doesn't should cumulatively calculate the taxable supplies by merging values of the earlier month. 1 really should only find the taxable provides of the present month to determine if it exceeds Rs. fifty lakhs. If Indeed, one should adjust to this provision.

“This certainly doesn’t odor fantastic,” mentioned previous federal prosecutor David B. Smith, the writer of “Prosecution and Protection of Forfeiture Instances.” “They will’t say, ‘you clearly show me This is often legitimate income’ — that’s not the legislation, and no choose will almost certainly let them try this.”

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Ans. Only registered people which have taxable supplies of a lot more than Rs. fifty lakhs in a certain month (matter to specified exceptions) should adjust to this provision.