ANALYSIS OF RULE 86B OF THE CGST RULES 2017 – Restriction on ITC Utilisation in Electronic Credit Ledger (ECL) Taxability: Applicable with effect from 01.01.2021 through NN 94/2020 dtd 22nd Dec, 2020. Applicability: Applicable on taxpayer having turnover > 50 lakhs in a month. Provision: Taxpayers covered under this rule are liable to pay at […]
All registered assessee having turnover up to INR 5 crores in the preceding financial year. Scheme can be availed GSTIN based, i.e. assessee having multiple registrations under same PAN have option to avail the QRMP scheme for one GSTIN and Regular filing for other registration.
