Respected Sirs,
As you know, one need not to pay 1% GST in cash if in p/y it has paid income tax more than Rs.1,00,000/-
my query is that paid in above sentence is in cash or adjusted through tds also.
means.. last year me humne 3 lakh income tax pay kia jo tds se adjust ho gya.. aur kuch refund bana..
rule 86b applicable or not on us this year,???
Rule 86B not applicable as you paid Income Tax more than Rs 100000
Siri am gst registered,sales more than 50lacs
Tcs/tds rs 200000
Refund 164000
Rule 86B is applicable aur not
It is Applicable since net income tax paid is less than 100000
CAclubindia
