CBIC notifies Provision to Disallow Belated Transitional Credit Claims Retrospectively [Read Notification]

The Central Board of Indirect Taxes and Customs (CBIC) on Saturday issued a notification announcing May 18, 2020, to be the effective date for the implementation of the provisions pertaining to Transitional credit for unavailed CENVAT – Amended under Section 128 of the Finance Act, 2020. The Budget 2020 inserted section 128 in the Finance […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2Az1fSJ