<!DOCTYPE html>
<html lang="en">

<head>
<meta charset="utf-8">
<meta http-equiv="X-UA-Compatible" content="IE=edge">
<meta name="viewport" content="width=device-width, initial-scale=1.0, maximum-scale=1.0, user-scalable=0">

<title>CA Firm in Pune | Best Accounting firm in Pune | Sachin Ranbhise</title>

<!-- Fav Icon -->
<!-- <link rel="icon" href="assets/images/favicon.ico" type="image/x-icon"> -->

<!-- Google Fonts -->
<link href="https://fonts.googleapis.com/css2?family=Inter:wght@300;400;500;600;700;800;900&amp;display=swap" rel="stylesheet">
<link href="https://fonts.googleapis.com/css2?family=Jost:ital,wght@0,300;0,400;0,500;0,600;0,700;0,800;0,900;1,300;1,400;1,500;1,600;1,700;1,800;1,900&amp;display=swap" rel="stylesheet">

<!-- Stylesheets -->
<link href="assets/css/font-awesome-all.css" rel="stylesheet">
<link href="assets/css/flaticon.css" rel="stylesheet">
<link href="assets/css/owl.css" rel="stylesheet">
<link href="assets/css/bootstrap.css" rel="stylesheet">
<link href="assets/css/jquery.fancybox.min.css" rel="stylesheet">
<link href="assets/css/animate.css" rel="stylesheet">
<link href="assets/css/nice-select.css" rel="stylesheet">
<link href="assets/css/color.css" rel="stylesheet">
<link href="assets/css/elpath.css" rel="stylesheet">
<link href="assets/css/style.css" rel="stylesheet">
<link href="assets/css/elements-css/page-title.css" rel="stylesheet">
<link href="assets/css/elements-css/about.css" rel="stylesheet">
<link href="assets/css/elements-css/service.css" rel="stylesheet">
<link href="assets/css/elements-css/clients.css" rel="stylesheet">
<link href="assets/css/elements-css/team.css" rel="stylesheet">
<link href="assets/css/elements-css/chooseus.css" rel="stylesheet">
<link href="assets/css/elements-css/testimonial.css" rel="stylesheet">
<link href="assets/css/responsive.css" rel="stylesheet">
<link href="assets/css/elements-css/banner.css" rel="stylesheet">
<link href="assets/css/elements-css/feature.css" rel="stylesheet">
<link href="assets/css/elements-css/projects.css" rel="stylesheet">
<link href="assets/css/elements-css/working-process.css" rel="stylesheet">
<link href="assets/css/elements-css/funfact.css" rel="stylesheet">
<link href="assets/css/elements-css/expertise.css" rel="stylesheet">
<link href="assets/css/elements-css/news.css" rel="stylesheet">
<link href="assets/css/elements-css/service-details.css" rel="stylesheet">
<link href="assets/css/elements-css/blog.css" rel="stylesheet">
</head>


<!-- page wrapper -->
<body>

    <div class="boxed_wrapper">


        <!-- preloader -->
        <!-- <div class="loader-wrap">
            <div class="preloader">
                <div class="preloader-close">x</div>
                <div id="handle-preloader" class="handle-preloader">
                    <div class="animation-preloader">
                        <div class="spinner"></div>
                        <div class="txt-loading">
                            <span data-text-preloader="b" class="letters-loading">
                                b
                            </span>
                            <span data-text-preloader="i" class="letters-loading">
                                i
                            </span>
                            <span data-text-preloader="z" class="letters-loading">
                                z
                            </span>
                            <span data-text-preloader="t" class="letters-loading">
                                t
                            </span>
                            <span data-text-preloader="e" class="letters-loading">
                                e
                            </span>
                            <span data-text-preloader="c" class="letters-loading">
                                c
                            </span>
                            <span data-text-preloader="h" class="letters-loading">
                                h
                            </span>
                        </div>
                    </div>  
                </div>
            </div>
        </div> -->
        <!-- preloader end -->

      <!--Search Popup-->
        <div id="search-popup" class="search-popup">
            <div class="popup-inner">
                <div class="upper-box clearfix">
                    <figure class="logo-box pull-left"><a href="#"><img src="assets/images/logo.png" alt=""></a></figure>
                    <div class="close-search pull-right"><span class="far fa-times"></span></div>
                </div>
                <div class="overlay-layer"></div>
            </div>
        </div>


    	 <!--Start Header -->
           <?php include 'header.php';?>
         <!--End Header -->

        <!-- page-title -->
        <section class="page-title centred">
            <div class="bg-layer" style="background-image: url(assets/images/background/page-title.jpg);"></div>
            <div class="auto-container">
                <div class="content-box">
                    <h1>Rule 86 B Under GST: Restrictions on use of Amount <br> Available in Electronic Credit Ledger</h1>
                </div>
            </div>
        </section>
        <!-- page-title end -->
        
         <section class="sidebar-page-container pt_150 pb_150">
            <div class="auto-container">
                <div class="row clearfix">
                    <div class="col-lg-8 col-md-12 col-sm-12 sidebar-side">
                        <div class="blog-details-content">
                            <div class="news-block-one">
                                <div class="inner-box">
                                    <div class="image-box">
                                        <figure class="image"><img src="assets/images/blog/rule.jpg" alt=""></figure>
                                        
                                    </div>
                                    <div class="lower-content">
                                        <!-- <ul class="post-info clearfix"> 
                                            <li><a href="#">Admin</a></li>
                                            <li><a href="#">0 Comnt</a></li>
                                        </ul> -->
                                           <ul class="feature-list list-style-one clearfix">
                                            <li>Made Effective from 1st January, 2021</li>
                                            <li>The rule only applies to utilization of ITC and not availment of ITC.</li>
                                            <li>Applicability: Registered persons having taxable value of supply more than Rs. 50 Lakh in a month.</li>
                                          </ul><br>
                                        <p style="margin-bottom: 8px;"><strong>Restrictions Imposed :</strong></p>
                                        <p>The applicable registered persons cannot use ITC in excess of 99% of the output tax liability. Thus, it means that minimum 1% of the output tax liability shall be discharged in cash.</p>
                                        <p style="margin-bottom: 8px;"><strong>Exceptions to the Rule :</strong></p>
                                          <ul class="feature-list list-style-one clearfix">
                                            <li>If the persons mentioned below have paid Income Tax more than One Lakh rupees in each of the last two financial years</li>
                                            <li>The registered person.</li>
                                            <li>The proprietor, karta or the managing director of the registered person.</li>
                                            <li>Whole time directors or any other person as the case may be.</li>
                                            <li>The registered person under concern has received a refund of amount greater than Rs.1 lakh in the preceding financial year on account of export rated supplies made without payment of tax or where the credit has accumulated on account of rate of tax on inputs being higher than the rate of tax on output supplies.</li>
                                            <li>If the registered person under concern has discharged his liability towards output tax by electronic cash ledger for an amount in excess of 1% cumulatively of the total output tax liability up to the said month in the current financial year.</li>
                                        </ul><br>
                                        <p style="margin-bottom: 8px;"><strong>The registered person is :</strong></p>
                                        <ul class="feature-list list-style-one clearfix">
                                            <li>Government Department</li>
                                            <li>Public Sector Undertaking</li>
                                            <li>Local Authority</li>
                                            <li>Statutory Authority</li>
                                        </ul>
                                    </div>
                                </div>
                                <div class="comment-form-area">
                                <h3>Leave A Comments</h3>
                                <div class="form-inner">
                                    <form action="#" method="post" class="default-form">
                                        <div class="row clearfix"> 
                                            <div class="col-lg-6 col-md-6 col-sm-12 form-group">
                                                <input type="text" name="name" placeholder="Your Name" required>
                                            </div>
                                            <div class="col-lg-6 col-md-6 col-sm-12 form-group">
                                                <input type="email" name="email" placeholder="Your email" required>
                                            </div>
                                            <div class="col-lg-12 col-md-12 col-sm-12 form-group">
                                                <textarea name="message" placeholder="Type message"></textarea>
                                            </div>
                                            <div class="col-lg-12 col-md-12 col-sm-12 form-group">
                                                <div class="message-btn">
                                                    <button type="submit" class="theme-btn-one">Post Comment</button>
                                                </div>
                                            </div>
                                        </div>
                                    </form>
                                </div>
                            </div>
                            </div>
                         </div>
                    </div>
                    <div class="col-lg-4 col-md-12 col-sm-12 sidebar-side">
                        <div class="blog-sidebar ml_40">
                            
                            <div class="sidebar-widget category-widget">
                                <div class="widget-title">
                                    <h3>Categories</h3>
                                </div>
                                <div class="widget-content">
                                    <ul class="category-list clearfix">
                                        <li><a href="double-tax-avoidance-agreement-dtaa.php">Double Tax Avoidance Agreement (DTAA)</a></li>
                                        <li><a href="rule-86-b-under-gst-restrictions-on-use-of-amount-available-in-electronic-credit-ledger.php">Rule 86 B Under GST : Restrictions on use of Amount Available in Electronic Credit Ledger</a></li>
                                    </ul>
                                </div>
                            </div>
                         </div>
                    </div>
                </div>
            </div>
        </section>
      
        <!-- main-footer -->
          <?php include 'footer.php';?>
        <!-- main-footer end -->



        <!--Scroll to top-->
        <div class="scroll-to-top">
            <div>
                <div class="scroll-top-inner">
                    <div class="scroll-bar">
                        <div class="bar-inner"></div>
                    </div>
                    <div class="scroll-bar-text">Go To Top</div>
                </div>
            </div>
        </div>
        <!-- Scroll to top end -->
        
    </div>


    <!-- jequery plugins -->
    <script src="assets/js/jquery.js"></script>
    <script src="assets/js/popper.min.js"></script>
    <script src="assets/js/bootstrap.min.js"></script>
    <script src="assets/js/owl.js"></script>
    <script src="assets/js/wow.js"></script>
    <script src="assets/js/validation.js"></script>
    <script src="assets/js/jquery.fancybox.js"></script>
    <script src="assets/js/appear.js"></script>
    <script src="assets/js/scrollbar.js"></script>
    <script src="assets/js/isotope.js"></script>
    <script src="assets/js/jquery.nice-select.min.js"></script>
    <script src="assets/js/parallax-scroll.js"></script>

    <!-- main-js -->
    <script src="assets/js/script.js"></script>

</body>
</html>
