The Central Board of Indirect Taxes and Customs (CBIC) on May 16, 2020, appoints May 18, 2020, as the date on which the provisions of section 128 of the Finance Act, 2020 will come into force, in order to bring amendment in Section 140 of Central Goods and Services Tax Act, which specifies transitional arrangements for input tax credit, with effect from July 01, 2017.
[Notification No. 43/2020 – Central Tax]
Get all CBIC Updates in one place, Subscribe us to never miss an update from CBIC, Goal of AVACOM for compliance officers is to understand legal updates in India and how the company needs to file the compliances to avoid fines and penalties, it is achieving that goal, so it can be documented and as necessary, shown to regulators or other stakeholders who might be asking about the company’s compliance program.
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