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Harshaditya Kabra

Latest Posts by Harshaditya Kabra

Non-compliance with CGST Rule 86B: 99% ITC Restriction & 1% Cash Payment Mandate

October 27, 2025 3621 Views 0 comment Print

GST Rule 86B mandates taxpayers with over Rs.50 lakh monthly taxable turnover to pay a minimum of 1% of their liability in cash, limiting ITC usage to 99%. Non-compliance risks registration cancellation. The rule faces legal challenge.

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