Rule 86B Explained in Simple Words | Why You Must Pay 1% GST in Cash 💰 | GST Rule 86B Full Guide
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Rule 86B Explained in Simple Words | Why You Must Pay 1% GST in Cash 💰 | GST Rule 86B Full Guide
Confused about GST Rule 86B? 🤔 Here’s a simple explanation — if your monthly taxable turnover crosses ₹50 lakh, you can’t pay your entire GST liability using Input Tax Credit (ITC). You must pay at least 1% of your GST in cash. However, there are exceptions 👇 If you or your company paid over ₹1 lakh in income tax in each of the ...
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