GST Rule 86B, 99% ITC Restriction and it's repercussions? | ConsultEase with ClearTax

GST Rule 86B, 99% ITC Restriction and it's repercussions. Janiye kya hai rule 86B. How rule 86B is going to hamper the businesses. It will block the utilization of ITC. In this way, it will have a bad impact on cash flow.

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Rule 86B
Issues in rule 86B
Impact of rule 86B on businesses


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This video is merely a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.

[ConsultEase]

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[ConsultEase]

Sorry for the mistake, 1% of 18lac is 18k, pls read it as Rs. 18000

[DevDhrishta]

100% agree mem
If you can't file case then follow rules
Its again feels like we are living in old ages
Where king is used to charge lagan at whatever rate he want and common men suffers

[ajitthakkar]

I appreciate your boldness.
U advice them for abolishment of GST,
Impose low rate of st on every point, insist on advance st of 10000, issue tax.paid.tokens for requests from seller before despatches of goods n services

[dheerajdubey]

Mam i really appreciate your efforts, but would like to correct you as 1% of 18 L will be 18000 instead of 180000 .

[jackkairon]

This will create a cash crunch in the market and will ultimately hit the economy. Basically govt wants small businesses to close down so that everything goes to corporates. Slowly and step by step it is becoming hard to do business in India

[punitsps]

Minutely easy and clear explanation on the topic. Very well elaboration of hardship faced by stakeholders after implementation of 86(B).

[SriRama]

Nirmala Madam is a Mad Scientist Experimenting with Indian Economy.

[shyamagarwal]

Madam bahut ache....madam apki last line bahit achi lagi... agar rs. hai to court me writ lagao warna accept kr lo...

[sukhjitwarraich]

There is not any mentioned about TDS PAY etc as per notification. Only cash pay with file return in time. Reverse charge paid in cash excluding.

[manojmalhotra]

Thanks a lot maam.your video is very very knowledgeable.keep it ip the good work.

[artattack]

14:24, They don't check the docs. They keep them for record only.
Without 💵 they dont issue refund. And I know you know it very well but u can't say this here.

[dhirensachade]

is it pan or gst base, prop havin 2 diff firm

[amitavalahiri]

Pl mention the Proviso to this Rule where Director / Partner has paid Income Tax > 1 lakh i the preceding two years

[SUNILKAGGARWAL]

Agar officer 1lac rd. Income tax ka rule na mane to kya kare

[atul]

How the portal will know if taxpayer is paying more than 1 lac income tax.

[RohitKumar-evyq]

Mam kisi ka cash ledger me balance hai tabhi 1% pay. Krna padega ya cash balance se adjust ho jayega.

[sajanshukla]

Madam Can we expect late fee waiver for non return filed in council meeting

[gurdeepspaul]

Much needed reforms, businesses were making fraunds, Rather than paying tax they were siphoning off the money, Claiming false ITC

[luckysekhon]

Madam yah individual ke bare mein nahin hai company bhi apply kar sakti hai