GSTN Implements Rule-86B Tab to Control Electronic Credit Ledger Funds

Last updated: 29 July 2023 Follow on Google News

GSTN has introduced a new tab, Rule-86B, which restricts the use of the amount available in the Electronic Credit Ledger. Under this rule, a 99% restriction is imposed on the ITC available in the Electronic Credit Ledger of a Registered Person. This implies that 1% of the output liability must be pa

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CCI News Desk

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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