Rule 86B of CGST Rules limiting discharge of Output Tax Liability through ITC in Electronic Credit Ledger Ultra Vires HPGST Act: Himachal Pradesh HC [Read Order]

Rule 86B stipulates that ITC in the Electronic Credit Ledger can be used to discharge 99% of output tax liability. 1% of the output tax liability is to be paid in cash

By Yogitha S. Yogesh - On October 5, 2024 12:53 pm - 2 mins read

Himachal Pradesh High Court - ITC - Input Tax Credit - Rule 86B of CGST - Electronic Credit Ledger - taxscan

The Himachal Pradesh High Court recently observed that Rule 86B of the Central Goods and Services Tax (CGST/HPGST) Rules, 2017, which restricts use of Input Tax Credit ( ITC ) in the Electronic Credit Ledger for releasing Output tax, appears to be ultra vires the HP Goods and Services Tax Act 2017. The Court pointed…

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