Businesses with monthly turnover of over Rs 50 lakh to pay at least 1% GST liability in cash
The Central Board of Indirect Taxes and Customs (CBIC) has introduced Rule 86B in Goods and Services Tax (GST) rules which restricts use of input tax credit (ITC) for discharging GST liability to 99 per cent.
from Moneycontrol Economy News https://www.moneycontrol.com/news/economy/businessesmonthly-turnoverover-rs-50-lakh-to-pay-at-least-1-gst-liabilitycash_14605581.html
via IFTTT
from Moneycontrol Economy News https://www.moneycontrol.com/news/economy/businessesmonthly-turnoverover-rs-50-lakh-to-pay-at-least-1-gst-liabilitycash_14605581.html
via IFTTT
Post a Comment