The client has paid through the cash ledger cumulatively till September-23:
CGST- Rs 200000/-
SGST- Rs 0/-
IGST- Rs 0/-
October months turnover is Rs 50 lakhs & liability as:
CGST- Rs 405000
SGST- Rs 405000
IGST- Rs 90000
Is rule 86B applicable to me as I have paid cumulatively more than 1% or whether rule 86B applies for each C, S & I separately.
No, rule says about 1% of total output tax, i.e., C+S+I.
It's not applicable in your case in Oct. since you've already paid more than 1% in cash.
CAclubindia
