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Rule 86B :- Restrictions on use of amount available in electronic credit ledger

♦ Notwithstanding anything contained in these rules,

  • the registered person shall not use the amount available in electronic credit ledger
  • to discharge his liability towards output tax

♦ in excess of 99% of such tax liability, in cases where the value of taxable supply in a month exceeds 50 Lakhs other than

  • exempt supply and zero-rated supply.

Source Taxguru

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