New Rule 86B restricts use of ITC for discharging output liability

Govt Introduced new Rule 86B restricting the use of Input Tax Credit (ITC) for discharging the output liability [Notification No 94/2020-CT dated 22.12.2020] The rule is effective from 1st January 2021 Applicability of Rule This rule is applicable to the registered person whose value of taxable supply other than exempt supply and export, in a […]

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