Rule 86(b) query
This query is : Resolved
13 January 2021
If taxable supply is more than Rs.50Lakhs then 1% is to be paid...whether this 50lakh limit is to be considered for each month?
1% of liability means each of IGST,CGST and SGST Separately?
1% of liability means each of IGST,CGST and SGST Separately?
13 January 2021
Yes, it is to be considered every month. Also 1% should be component wise though there is no such clarification. It can be even at total but better to for each to avoid unnecessary questions.
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