What is Rule 86B in GST_ Complete Explanation with Examples !!!
What is Rule 86B in GST? Complete Explanation with Examples !!!DescriptionRule 86B of the CGST Rules, 2017 restricts businesses from using Input Tax Credit (...
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What is Rule 86B in GST? Complete Explanation with Examples !!!
Description
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.
Keywords
Rule 86B in GST
CGST Rules 2017
GST ITC restrictions
Input Tax Credit rule
Rule 86B examples
Rule 86B applicability
GST turnover limit rule
GST 1% cash payment rule
GST ITC misuse
GST compliance rules
#GSTIndia
#Rule86B
#GSTUpdate
#InputTaxCredit
#ITC
#GSTCompliance
#BusinessTax
#CGSTRules
#TaxTipsIndia
#SmallBusinessIndia
Description
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.
Keywords
Rule 86B in GST
CGST Rules 2017
GST ITC restrictions
Input Tax Credit rule
Rule 86B examples
Rule 86B applicability
GST turnover limit rule
GST 1% cash payment rule
GST ITC misuse
GST compliance rules
#GSTIndia
#Rule86B
#GSTUpdate
#InputTaxCredit
#ITC
#GSTCompliance
#BusinessTax
#CGSTRules
#TaxTipsIndia
#SmallBusinessIndia
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2
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Duration
10:04
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Published
Apr 6, 2025
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