Businesses with monthly turnover of over ₹50 lakh to pay at least 1% GST liability in cash

Topics Covered: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Businesses with monthly turnover of over ₹50 lakh to pay at least 1% GST liability in cash: Context: Central Board of Indirect Taxes and Customs (CBIC) has introduced Rule 86B in Goods and Services Tax (GST) rules which restricts …