https://www.taxtmi.com/article/detailed?id=13921 Restriction on utilisation of Input Tax Credit under Rule 86B requires large registered persons whose monthly taxable supplies excluding exempt and zero rated supplies exceed the threshold to pay a minimum portion of output tax in cash, limiting ITC use to a capped percentage. Exceptions include specified income tax payment history, prior refunds for unutilised ITC or inverted duty structure, cumulative cash payments already made in the year, exempted public entities, and Commissioner discretion to lift the restriction after verification. en-us Wed, 26 Mar 2025 06:58:44 +0530 Wed, 26 Mar 2025 06:58:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13921 Restriction on utilisation of Input Tax Credit under Rule 86B requires large registered persons whose monthly taxable supplies excluding exempt and zero rated supplies exceed the threshold to pay a minimum portion of output tax in cash, limiting ITC use to a capped percentage. Exceptions include specified income tax payment history, prior refunds for unutilised ITC or inverted duty structure, cumulative cash payments already made in the year, exempted public entities, and Commissioner discretion to lift the restriction after verification. Articles Goods and Services Tax - GST Wed, 26 Mar 2025 06:58:44 +0530 https://www.taxtmi.com/article/detailed?id=13921