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I didn't utilize rule 86B in a selected thirty day period. Would there be described as a penalty, desire or reversal of ITC in subsequent month?♦ Article-Modification : utilization of e-credit history ledger is limited to optimum of 99% of output tax legal responsibility♦ RCM liability discharged using cash in present-day fiscal 12 months shall
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Rule 86B has gone through extreme criticism from different stakeholders at any time For the reason that similar has actually been notified by the Government. It places a restriction on the amount which can be applied from the electronic credit score ledger while generating the payment of output taxes.This is necessary of each lender beneath the Tru