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The Instructions to fill in Tax Invoice must be followed in order to issue correct Tax Invoice. If any supply cancelled and in case of return, the supplier can make an decreasing adjustment of the returned portion mvb88 live of the supply. If the unregistered importer happens to be the last consumer of the imported goods, he will be entitled to have the paid Advance Tax reimbursed. In case of imported goods, if no tax other than Import Duty is levied, value on which Import Duty is imposable, shall be the VAT imposable price of the said goods or service.

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Non submission of Return is tantamount to failure or irregularity. Application has to be made before the Commissioner in Form VAT- 9.3 before a minimum of 7 (Seven) days of expiry of the concerned Tax Period. The Commissioner, within 7 (Seven) days of receipt of the application, after due consideration, shall approve the application. The Enlisted Person shall maintain accounts of all purchases and sales concerned with his supply, in Form VAT-6.1 and Form VAT-6.2. He will issue, in Form VAT-6.9, Turnover Tax Invoice, against each supply. He will calculate Turnover Tax on the basis of Tax Invoice, that is, on the basis of net taxable sale, issued against supply during each Tax Period.

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With 24/7 support and four different contact options, clients can resteasy knowing that someone from M88 is there to help when they need it. Based onmy experiences with their team, I’m confident that you will be taken good careof. This isn’t a contact optionthat I come across too often, but I like it since it gives their clients morevariety to choose from when it comes to contacting their team. With this contactoption, users of the WhatsApp application can message directly with their teamin a live chat format.

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