TaxTMI 
TaxTMI 
My GST registration was on 20 Jan 2020. For FY 2019-20 i have paid Income tax of Rs. 95000/-. For 2020-21 I have paid income tax of Rs. 345000/-. Will Rule 86B will be applicable for FY 2021-22 as i haver taken registration late and considering the registration time in 2019-20 i have done business in 3 months and paid 95000/- as Income tax. And when business was growing i have paid income tax as 345000/- in 2020-21. Please guide
Rule 86B implication on new registration
05 Nov 2025 
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Rule 86B applicability - not triggered where monthly GST liability remains below statutory threshold despite late registration.
Applicability of Rule 86B depends on whether the taxpayer's monthly GST liability exceeds the statutory threshold; late registration and historical income-tax payments alone do not trigger Rule 86B, so the rule will not apply where the monthly GST liability remains below that threshold. (AI Summary)
Applicability of Rule 86B depends on whether the taxpayer's monthly GST liability exceeds the statutory threshold; late registration and historical income-tax payments alone do not trigger Rule 86B, so the rule will not apply where the monthly GST liability remains below that threshold. (AI Summary)