Interest on non-compliance with Rule 86B

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....nterest on non-compliance with Rule 86B<br>Query (Issue) Started By: - vaibhav agrawal Dated:- 21-8-2026 Goods and Services Tax - GST Got 0 Replies <br> GST<br>A taxpayer did not comply with Rule 86B ....

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....during FY 2022-23 and discharged 100% of output tax liability through eligible ITC instead of paying the mandatory 1% in cash.The Department is now demanding interest under Section 50 on the 1% short....

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....fall from the original due dates. However, the taxpayer had substantial balances in the Electronic Cash Ledger during the relevant period, including amounts deposited before/around the relevant due da....

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....tes, which continued to remain available in the ledger. Questions: * Does non-compliance with Rule 86B automatically attract interest under Section 50? * Can the 1% be considered "tax remaining unpa....

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....id" when the output tax liability was otherwise discharged through eligible ITC? * Does the availability of sufficient funds in the Electronic Cash Ledger affect the applicability/calculation of inte....

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....rest?<br>***<br> Discussion Forum - Knowledge Sharing ....