RULE 86B APPLICABILITY IN QRMP TAX PAYER

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Suresh S. Tejwani online

Suresh S. Tejwani online

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22 April 2026 Taxpayer is registered under the QRMP scheme. During the Jan–March quarter, total taxable turnover(Only B2C) exceeds ₹50 lakh. However, monthly turnover is ₹13 lakh in January and ₹44 lakh in February, and no IFF has been filed. Whether Rule 86B (1% cash payment) is applicable?

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)
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22 April 2026 Rule 86B is to be checked month-wise, even for a QRMP taxpayer. Since January turnover is ₹13 lakh and February turnover is ₹44 lakh, no month exceeds ₹50 lakh. Therefore, Rule 86B (1% cash payment) is not applicable on the facts given. Non-filing of IFF does not affect Rule 86B applicability.

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