If you own a business you need to read this!
Imagine you own a shop.
Every month, you sell things and collect some tax from your customers, right?
Now, the government has a new rule called Rule 86B.
Here’s what it means for you:\
➡️ If your shop is super busy and sells more than ₹50 lakhs worth of goods in a month, listen up!
➡️ When it’s time to pay taxes, you can use the tax money you’ve already collected to pay off 99% of what you owe the government.
➡️ But here’s the twist: you need to pay 1% of your tax bill with your own money, not with the tax you collected.
➡️ Why is this important? It helps stop people from cheating on their taxes with fake receipts.
And if you’re a small shop, don’t worry – this rule is for the big players.
So, keep your business clean, and remember, playing by the rules keeps you out of trouble!
