{"id":10276,"date":"2021-03-12T20:04:01","date_gmt":"2021-03-12T14:34:01","guid":{"rendered":"https:\/\/www.mintyapp.in\/blog\/?p=10246"},"modified":"2021-03-12T20:04:01","modified_gmt":"2021-03-12T14:34:01","slug":"nitty-gritty-of-gst-friday-first-cut-episode-13","status":"publish","type":"post","link":"https:\/\/blog.fintoo.in\/blog\/nitty-gritty-of-gst-friday-first-cut-episode-13\/","title":{"rendered":"Nitty Gritty of GST &#8211; Friday First Cut Episode 13"},"content":{"rendered":"\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Nitty Gritty of GST - Friday First Cut Episode 13\" width=\"940\" height=\"529\" src=\"https:\/\/www.youtube.com\/embed\/UDdePMeqlbA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen class=\"no-lazyload\"><\/iframe>\n<\/div><\/figure>\n\n\n<p>The government has notified several changes in the GST law and has also put into effect several amendments brought in vide the Finance This alert covers the key changes notified in the GST law.<\/p>\n\n\n<p>Rule 86B has been inserted to restrict the utilization of Input Tax Credit (ITC) to the extent of 99% of tax liability for the relevant period for taxpayers having taxable supply (other than exempt supply and zero-rated supply) in a month exceeding INR 5 million. This restriction does not apply to taxpayers<\/p>\n\n\n<p>Must read: <a href=\"https:\/\/www.mintyapp.in\/blog\/tax-planning-for-salaried-youngsters\/\" class=\"broken_link\">Tax Planning For Salaried Youngsters<\/a><\/p>\n\n\n<p>New updates and amendments have been brought into GST guidelines in 2021 changes in rule 86B, QRMP scheme and many more.<br \/>Check out this video to understand the most important aspects of GST that have received changes.<\/p>\n\n\n<p>To subscribe click here &#8211; http:\/\/bit.ly\/2Kzmqcy<\/p>\n\n\n<p>Stay tuned for our upcoming videos&#8230;&#8230;. <\/p>\n\n\n<p>Friday First Cut Complete Playlist &#8211; http:\/\/bit.ly\/38adeUE\u200b <\/p>\n\n\n<p>Chat with our Chatbot on www.mintyapp.in or <\/p>\n\n\n<p>Contact us on &#8211; +91 9699 800 600 <\/p>\n\n\n<p>Follow us on <\/p>\n\n\n<p>Facebook: https:\/\/bit.ly\/MintyAppFB\u200b\u200b <\/p>\n\n\n<p>Insta: https:\/\/bit.ly\/MintyAppIn\u200b\u200b <\/p>\n\n\n<p>LinkedIn: http:\/\/bit.ly\/MintyappLI\u200b\u200b <\/p>\n\n\n<p>Twitter: https:\/\/bit.ly\/TwMIntyApp\u200b\u200b <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government has notified several changes in the GST law and has also put into effect several amendments brought in vide the Finance This alert covers the key changes notified in the GST law. Rule 86B has been inserted to restrict the utilization of Input Tax Credit (ITC) to the extent of 99% of tax [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":10247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[809],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New rule of GST - Nitty Gritty of Good and Services Tax for 2021<\/title>\n<meta name=\"description\" content=\"New updates and amendments have been brought into GST guidelines in 2021 changes in rule 86B, QRMP scheme and many more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.fintoo.in\/blog\/nitty-gritty-of-gst-friday-first-cut-episode-13\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New rule of GST - Nitty Gritty of Good and Services Tax for 2021\" \/>\n<meta property=\"og:description\" content=\"New updates and amendments have been brought into GST guidelines in 2021 changes in rule 86B, QRMP scheme and many more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.fintoo.in\/blog\/nitty-gritty-of-gst-friday-first-cut-episode-13\/\" \/>\n<meta property=\"og:site_name\" content=\"Fintoo Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/fintooapp\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-12T14:34:01+00:00\" \/>\n<meta name=\"author\" content=\"Nidhi Manchanda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@FintooApp\" \/>\n<meta name=\"twitter:site\" content=\"@FintooApp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nidhi Manchanda\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.fintoo.in\/blog\/nitty-gritty-of-gst-friday-first-cut-episode-13\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.fintoo.in\/blog\/nitty-gritty-of-gst-friday-first-cut-episode-13\/\"},\"author\":{\"name\":\"Nidhi Manchanda\",\"@id\":\"https:\/\/blog.fintoo.in\/blog\/#\/schema\/person\/15696107a9a027cf8cfe4723332c8384\"},\"headline\":\"Nitty Gritty of GST &#8211; 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