Transitional Credit: Amid of contradictory judgements, Govt. notifies retrospective amendment to Section 140

Transitional Credit: Amid of contradictory judgements, Govt. notifies retrospective amendment to Section 140

CBIC has appointed May 18, 2020 from which retrospective amendment in Section 140 of the CGST Act, 2017 prescribing the time limits for taking transitional credits as per Section 128 of the Finance Act 2020 shall come into force. The amendment is made effective retrospectively from July 1, 2017.

Copy of Order

 

0 comments on “Transitional Credit: Amid of contradictory judgements, Govt. notifies retrospective amendment to Section 140Add yours →

Leave a Reply

Your email address will not be published. Required fields are marked *