# GST Changes Applicable From 01.01.2021: Compulsory Payment by Cash of At Least 1% of Tax Liability - 29.12.2020

New Rule 86B has introduced restrictions on the use of amount of Input Tax Credit (ITC) available in electronic credit ledger. As per the said Rule, a registered taxpayer, where the value of taxable supply other than exempt supply and zero-rated supply exceeds Rs. 50 Lakhs per month, cannot discharge his liability in excess of 99% by utilizing the ITC.

Tags : Tax Liability Use of ITC

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