Understanding Rule 86B of CGST Rules: Restrictions on ITC Utilization

CA. Bhavik P. Chudasama , Last updated: 22 May 2024  
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The Central Goods and Service Tax (CGST) Act introduced Rule 86B videNotification number 94/2020 dated 22nd December, 2020. Rule 86B is made effective from 1st January 2021 curb the menace of fake invoicing and tax evasion. This rule restricts the use of Input Tax Credit (ITC) available in the elect

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CA. Bhavik P. Chudasama
(Practice)
Category GST   Report

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