https://www.taxtmi.com/caselaws?id=772389 AAR Rajasthan ruled that a partnership firm with monthly turnover exceeding Rs. 50 lakh cannot aggregate income tax paid by the firm and its partners to claim exemption under Rule 86B of CGST Rules, 2017. Since neither individual partners nor the firm paid more than Rs. 1 lakh income tax in the last two financial years, the restriction applies limiting electronic credit ledger usage to 99% of total tax liability. The exemption requires individual compliance, not cumulative calculation. en-us Fri, 23 May 2025 00:00:00 +0530 Mon, 09 Jun 2025 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772389 AAR Rajasthan ruled that a partnership firm with monthly turnover exceeding Rs. 50 lakh cannot aggregate income tax paid by the firm and its partners to claim exemption under Rule 86B of CGST Rules, 2017. Since neither individual partners nor the firm paid more than Rs. 1 lakh income tax in the last two financial years, the restriction applies limiting electronic credit ledger usage to 99% of total tax liability. The exemption requires individual compliance, not cumulative calculation. Case-Laws GST Fri, 23 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772389