🚨 Important GST Compliance Update – Rule 86B 🚨

Taxpayers having high monthly sales turnover must take note of a crucial GST provision.

📌 As per Rule 86B of the CGST Rules, where the taxable value of outward supplies exceeds ₹50 lakh in a month, at least 1% of the GST liability must be discharged in CASH.

🔍 Key Highlights: ✔ Applicable when monthly taxable turnover exceeds ₹50 lakh ✔ Minimum 1% GST payment is mandatory through cash ledger ✔ Balance GST liability can be paid using ITC ✔ Introduced to curb fake invoicing and misuse of ITC

⚠️ Important: Non-compliance may lead to: • GST portal restrictions • Blocking of ITC utilisation • Notices and penalties from the department

💡 Who should be careful? • Traders • Manufacturers • High-turnover businesses • Regular GST filers with heavy ITC usage

👉 Plan your cash flow in advance to avoid last-minute issues and ensure smooth GST compliance.

📞 Need guidance or compliance support? Connect with Team VVityabazar for professional GST advisory and filings.

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