GST Notification 49/2020-Central Tax ,dt. 24-06-2020

Section 118, 125, 129 and 130 of the Finance Act, 2020 to be effective from 30.06.2020

(Section – 118 of Finance Act 2020 : This amendment eases the provision for claiming input tax credit on debit note u/s 16(4). The due date for availing input tax credit on the debit note has been amended. With this amendment, the date of actual invoice is no longer linked. This is a welcome move and will help the taxpayers a lot)