January 23, 2021

Businesses with monthly turnover of over Rs 50 lakh to pay at least 1% GST liability in cash

“… The registered person shall not use the amount available in electronic credit ledger to discharge his liability towards output tax in excess of 99 per cent of tax liability, in cases where the value of taxable supply … in a month exceeds Rs 50 lakh,” the CBIC said.

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