Understanding GST Rule 86B: Key Restrictions & Examples 📌

What is Rule 86B in GST? Complete Explanation with Examples !!!<br /><br />Description<br />Rule 86B of the CGST Rules, 2017 restricts businesses from using Input Tax Credit (ITC) to discharge more than 99% of their output GST liability if their monthly turnover exceeds ₹50 lakh. This rule is aimed at preventing fake ITC claims. Learn who it applies to, exemptions, and real-world examples.<br /><br />Keywords<br />Rule 86B in GST<br />CGST Rules 2017<br />GST ITC restrictions<br />Input Tax Credit rule<br />Rule 86B examples<br />Rule 86B applicability<br />GST turnover limit rule<br />GST 1% cash payment rule<br />GST ITC misuse<br />GST compliance rules<br /><br />#GSTIndia <br />#Rule86B <br />#GSTUpdate <br />#InputTaxCredit <br />#ITC <br />#GSTCompliance <br />#BusinessTax <br />#CGSTRules <br />#TaxTipsIndia <br />#SmallBusinessIndia<br />