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of <h1>Rule 86B Limits Using Electronic Credit Ledger for Output Tax Over 99% for Supplies Exceeding 50 Lakh Monthly.</h1> Rule 86B of the Central Goods and Services Tax Rules, 2017, restricts the use of the electronic credit ledger for paying more than 99% of the output tax liability if the monthly taxable supply exceeds fifty lakh rupees. Exceptions include cases where individuals or entities have paid over one lakh rupees in income tax in the last two financial years, received significant refunds of unutilized input tax credit, or have paid more than 1% of output tax liability through the electronic cash ledger. Government departments, public sector undertakings, local authorities, and statutory bodies are also exempt. The restriction can be lifted by the Commissioner upon verification.
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