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?
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.
CAclubindia
