https://www.taxtmi.com/article/detailed?id=9616 Rule 86B restricts use of the electronic credit ledger to discharge output tax where monthly taxable supplies exceed a specified threshold, requiring a residual portion of tax to be discharged otherwise; exclusions apply for taxpayers with significant prior income-tax payments, prior refunds of unutilised input tax credit for zero-rated or inverted-duty supplies, sufficient cumulative cash payments during the year, and specified government/public/statutory bodies, and the Commissioner may remove the restriction after verification. en-us Wed, 06 Jan 2021 12:44:42 +0530 Wed, 06 Jan 2021 12:44:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9616 Rule 86B restricts use of the electronic credit ledger to discharge output tax where monthly taxable supplies exceed a specified threshold, requiring a residual portion of tax to be discharged otherwise; exclusions apply for taxpayers with significant prior income-tax payments, prior refunds of unutilised input tax credit for zero-rated or inverted-duty supplies, sufficient cumulative cash payments during the year, and specified government/public/statutory bodies, and the Commissioner may remove the restriction after verification. Articles Goods and Services Tax - GST Wed, 06 Jan 2021 12:44:42 +0530 https://www.taxtmi.com/article/detailed?id=9616