Rule 86B requires a mandatory 1% cash payment of the total output tax liability for large taxpayers. Since Compensation Cess is a component of the "output tax" for applicable goods, it is included in the calculation, and the 1% cash requirement applies to the total tax basket.
Naveen Fintech Pvt Ltd
Kolkata
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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