Amendment in Sec 16(4) CGST Act
This query is : Resolved
03 February 2020
Dear Expert,
Section 16(4) of CGST Act is Amended as to delink the date of issuance of debit note from the date of issuance of the underlying invoice for purposes of availing input tax credit.
This amendment will be applicable prospective or retrospective?
Regards,
Mantu Agarwal
Section 16(4) of CGST Act is Amended as to delink the date of issuance of debit note from the date of issuance of the underlying invoice for purposes of availing input tax credit.
This amendment will be applicable prospective or retrospective?
Regards,
Mantu Agarwal
03 February 2020
Amendments will be applicable from date of notification by Central Govt in Official Gazette.(section 5(2)(b) of The Finance Act, 2020 (BILL No. 26 OF 2020)
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