https://www.taxtmi.com/forum/issue?id=119144 Rule 86B requires taxpayers who exceed the monthly taxable-supplies threshold to remit a mandated cash component before availing input tax credit for that month; the monthly threshold - not annual turnover - determines applicability. The cash component is to be paid via the prescribed challan with interest, and any excess may be adjusted in the next month's return, with the cash requirement calculated on aggregate tax and allocable across tax heads. en-us Fri, 07 Jun 2024 23:57:31 +0530 Fri, 24 Jan 2025 10:40:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119144 Rule 86B requires taxpayers who exceed the monthly taxable-supplies threshold to remit a mandated cash component before availing input tax credit for that month; the monthly threshold - not annual turnover - determines applicability. The cash component is to be paid via the prescribed challan with interest, and any excess may be adjusted in the next month's return, with the cash requirement calculated on aggregate tax and allocable across tax heads. Discussion-Forum GST Fri, 07 Jun 2024 23:57:31 +0530 https://www.taxtmi.com/forum/issue?id=119144