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of <h1>Rule 86B limits electronic credit ledger use to 99% of output tax when monthly taxable supplies exceed ?50 lakh</h1> Where a registered person's value of taxable supplies (excluding exempt and zero-rated) in a month exceeds ?50 lakh, Rule 86B restricts use of the electronic credit ledger to at most 99% of output tax liability. Exceptions apply if specified senior persons associated with the taxpayer paid over ?1 lakh income tax in each of the last two years; or the taxpayer received refunds exceeding ?1 lakh in the preceding year of unutilised input tax credit under either relevant clause of section 54; or the taxpayer has cumulatively paid by electronic cash ledger an amount exceeding 1% of total output tax in the year; or the taxpayer is a government department, public sector undertaking, local authority or statutory body. The Commissioner may lift the restriction after verification.
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