Rule 86B has been through significant criticism from various stakeholders at any time For the reason that exact same has actually been notified by The federal government. It puts a restriction on the amount which may be applied with the Digital credit ledger though producing the payment of output taxes.
♦ Even so, after it's founded that rule 86B applies, then the subsequent desk shall be checked to analyse no matter if registered man or woman falls in just exception presented in this proviso.
Choice investments have greater expenses than conventional investments they usually may additionally be highly leveraged and interact in speculative financial investment methods, which often can Enlarge the potential for expenditure loss or attain and shouldn't be considered an entire financial investment software. The worth of the expenditure might drop and rise and traders may well get again less than they invested.
Just after going through the above mentioned limits and exceptions launched by Rule 86B, it is evident that the above rule is relevant only to the massive taxpayers. There'll be no effect on micro and compact firms.
Ans. It's been Obviously offered the limit is for refund gained through the preceding money calendar year irrespective of the period of time for which the refund were claimed.
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Thus if in almost any thirty day period, the limit of Rs. 50 lakhs isn't crossed even so the turnover is a lot more than Rs. 6 crores inside a monetary yr, Rule 86B doesn't have to be complied with.
If the countable earned revenue is much more than the TAFDC grant and you would like to near your scenario, be sure you convey to your DTA worker before you close your situation, therefore you don’t pass up out on TSS.
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Author’s viewpoint :- The restriction on utilization is to be used on mixture basis. However, you will find high prospects
Should the registered particular person under worry has received a refund of total higher than Rs.one lakh within the previous financial yr on account of export below LUT or as a consequence of inverted tax construction.