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- If the applying is found appropriate, the Commissioner, within 15 days, shall reimburse and prepare reimbursement to the applicant by way of cheque or transferring money to his checking account.
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However the Courtroom can lengthen such time limit up to three months in view of an software by the Inquiry Officer. The Inquiry Officer shall intimate the accused particular person in regards to the allegation, in Kind VAT– sixteen.1 and request him to submit said deposition before him inside 15 days. However in instances of Tax determined by the Commissioner and Tax accrued by disposal of any exercise under the law, Tax needs to be paid throughout the specified time as mentioned within the notice.
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Essential
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What’s Turnover Tax? What Is The Rate Of It?
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How Shall I Convince Whether Or Not Vat Will Be Applicable In My Business?
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