Restricting use of ITC amount for discharging output tax liability in GST

Bimal Jain , Last updated: 12 January 2021 Share Follow on Google News

The CBIC vide Notification No. 94/2020-Central Tax, dated December 22, 2020,has introducedanew Rule 86B in the Central Goods and Services Rules, 2017 (CGST Rules) in the following manner: Introduced new Rule 86B, restricts the use of Input Tax Credit (ITC) for discharging the output tax liabili

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About the Author

Bimal Jain

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FCA, FCS LLB with21 Yrs of Experience inTaxation Indirect and Direct: Education Qualification: B.Com (Hons) Chartered Accountants Company Secretary LLB Qualified SAP FI/CO Consultants Professional Membership: Chairmanof Indirect Tax Committee of PHD Chamber of Commerce Member of Indirec ... Read more

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