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December 27, 2020

Misconceptions vs Reality about 1% payment of tax liability in cash in GST under Rule 86B

by CA Shivam Jaiswal in GST

Misconceptions vs Reality about 1% payment of tax liability in cash in GST under Rule 86B

Businesses with monthly turnover of over ₹50 lakh will have to mandatorily pay at least 1 per cent of their GST liability in cash, the Finance Ministry said as it moved to curb evasion by fake invoicing.

1. Reality for Misconception

2. Reality for Misconception

3. Reality for Misconception

4. Reality for Misconception

5. Reality for Misconception

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