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Ok, I am eligible for presumptive tax. What are the drawbacks?

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Ok, I am eligible for presumptive tax. What are the drawbacks?
posted Nov 6, 2017 by Deepak Jangid

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1 Answer

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First of all, this shall only work in one state. If your business is operating in more than one state, then this exemption won’t work. Besides, the presumptive tax will stop you from availing inputs tax credit, as you cannot charge tax from your buyers.

answer Nov 7, 2017 by Rani Das
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