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CBIC releases "Misconceptions Vs. Reality" under Rule 86B

Last updated: 28 December 2020


The Central Board of Indirect Taxes and Customs, via their official Twitter handle, has released "Misconceptions Vs. Reality" under Rule 86B. Read the misconceptions about the 1% payment of tax liability in cash in GST under Rule 86B below:

Misconceptions vs Reality!

Reality for Misconception 1

Facts about 1% payment of tax liability in cash in GST under Rule 86B.

Reality for Misconception 1

Reality for Misconception 2

Facts about 1% payment of tax liability in cash in GST under Rule 86B.

Reality for Misconception 2

Reality for Misconception 3

Facts about 1% payment of tax liability in cash in GST under Rule 86B.

Reality for Misconception 3

Reality for Misconception 4

Facts about 1% payment of tax liability in cash in GST under Rule 86B.

Reality for Misconception 4

Reality for Misconception 5

Facts about 1% payment of tax liability in cash in GST under Rule 86B.

Reality for Misconception 5


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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.


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