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Not paid 1% of tax by Cash as per RULE 86B
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....ot paid 1% of tax by Cash as per RULE 86B<br> Query (Issue) Started By: - Shailander Jain Dated:- 26-10-2024 Last Reply Date:- 29-10-2024 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>In one....
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.... of our client, we have not paid 1% of output tax by Cash ledger in February 2021 month GST 3B considering Rule 86B. However we have paid 1% tax by cash ledger for Jan 2021 and March 2021 month. Now d....
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....epartment issue notice to deposit 1% for the month of Feb 2021 month with Interest. However in May 2021 GSTR-3B we have deposit more then 1% tax by cash ledger due to all Credit ledger balance utilize....
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....d. Can department consider the May 2021 month cash deposit for Februrary 2021 month due. Please suggest and guide if there are any remedies for this. Reply By Shilpi Jain: The Reply: AM Enterprises ....
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....V State of Himachal Pradesh - 2024 (9) TMI 1485 - HIMACHAL PRADESH HIGH COURT Have a look at this decision. It has held that this rule is ultra vires. So contest the matter on this ground. Though I ....
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....know the demand may not be huge. Reply By KASTURI SETHI: The Reply: It is a matter of issue which is worth fighting.. Amount may be small, if not contested, it will become precedent. So must contes....
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....t. Reply By Ganeshan Kalyani: The Reply: I agree with the view of the experts.<br> Discussion Forum - Knowledge Sharing ....