Clarity needed on effective date

When a circular is issued without mentioning the effective date, it can be interpreted in different ways. In this case, since the circular doesn't specify an effective date, we can consider the following possibilities:

1. *Date of issuance*: One approach is to consider the date of issuance (26-06-2024) as the effective date. This means the circular would be applicable from the date it was issued. 

2. *Retrospective effect*: Another approach is to consider the circular as having a retrospective effect, meaning it would be applicable from the date of the relevant Act or Rule came into force. 

3. *Prospective effect*: Alternatively, the circular might be considered to have a prospective effect, meaning it would be applicable only from the date of issuance (26-06-2024) and not earlier. 

To clarify, you may want to: - 

Check the relevant Act or Rule to see if it provides guidance on the effective date. - 

Contact the Central Board of Indirect Taxes and Customs (CBIC) directly to seek clarification on the effective date. Keep in mind that the effective date may impact how the circular is applied, so it's essential to determine the correct date to ensure compliance.