Rajya Sabha Passes Oilfields (Regulation and Development) Amendment Bill, 2024  ||  Lok Sabha passes Banking Laws (Amendment) Bill, 2024  ||  Bharatiya Vayuyan Vidheyak, 2024 tabled in Rajya Sabha  ||  Supreme Court Issues Directions for Effective Compliance of POSH Act, 2013  ||  Cal. HC: Person Claiming Non-Access to a Relationship Has Right to Prove the Same  ||  Del. HC: Judgment Requiring ED to Supply ‘Reasons to Believe’ to Arrestee to be Applied Prospectively  ||  SC: Right to Get Legal Aid is a Fundamental Right of Accused, Guaranteed by Article 21 of COI  ||  Raj. HC: Candidate's rejection merely because he suffered disability below the minimum degree illegal  ||  Calcutta HC Allows Bail Application of Former TMC aide Ayan Sil in Recruitment Scam Case  ||  SC Stays Contempt Proceedings in Gujarat High Court Against Judicial Officer    

# GST Changes Applicable From 01.01.2021: Time Limit for ITC Availment on Debit Note Amended - (29 Dec 2020)

GOODS AND SERVICES TAX

Finance Act, 2020 has amended Section 16 (4) of the Central Goods and Service Act, 2017, omitting the words “invoice relating to such” and hence the time limit for availing Input Tax Credit with respect to the debit note would be linked with the date of debit note and not the date of invoice.

Tags : FINANCE ACT   2020   CENTRAL GOODS AND SERVICES ACT   2017   ITC ON DEBIT NOTE  

Share :        

Disclaimer | Copyright 2024 - All Rights Reserved