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TMI BlogNot paid 1% of tax by Cash as per RULE 86BX X X X Extracts X X X X X X X X Extracts X X X X ..... In one of our client, we have not paid 1% of output tax by Cash ledger in February 2021 month GST 3B considering Rule 86B . However we have paid 1% tax by cash ledger for Jan 2021 and March 2021 month ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Now department issue notice to deposit 1% for the month of Feb 2021 month with Interest. However in May 2021 GSTR-3B we have deposit more then 1% tax by cash ledger due to all Credit ledger balance ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... utilized. Can department consider the May 2021 month cash deposit for Februrary 2021 month due. Please suggest and guide if there are any remedies for this. - Reply By Shilpi Jain - The Reply = AM Ent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erprises V State of Himachal Pradesh - 2024 (9) TMI 1485 - HIMACHAL PRADESH HIGH COURT Have a look at this decision. It has held that this rule is ultra vires. So contest the matter on this ground. Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ough I know the demand may not be huge. - Reply By KASTURI SETHI - The Reply = It is a matter of issue which is worth fighting.. Amount may be small, if not contested, it will become precedent. So mus ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t contest. - Not paid 1% of tax by Cash as per RULE 86B - Query Started By: - Shailander Jain Dated:- 26-10-2024 Last Replied Date:- 28-10-2024 Goods and Services Tax - GST - Got 2 Replies - GST - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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