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♦ RCM legal responsibility discharged utilizing cash in latest financial year shall not be taken into account for computing “over one% of full output tax liability upto the explained month continues to be discharged in cash”.
Ans. It has been clearly presented the Restrict is for refund acquired through the previous financial year irrespective of the interval for which the refund had been claimed.
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In case the registered particular person less than issue has discharged his legal responsibility toward output tax by Digital cash ledger for an quantity in extra of 1% cumulatively of the entire output tax liability up on the explained month in The present economic yr.
♦ Nonetheless, when it is set up that rule 86B applies, then it must be checked that if the registered person falls in the exception given In this particular proviso
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