Amended Section 39 CGST Act related to inward and outward supplies applicable from 10.11.2020
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
Notification No. 81/2020–Central Tax
New Delhi, the 10th November, 2020
S.O. 4043(E).—In exercise of the powers conferred by clause (b) of sub-section (2) of section 1 of the Finance (No. 2) Act, 2019 (23 of 2019), the Central Government hereby appoints the 10th day of November, 2020, as the date on which the provisions of section 97 of the said Act shall come into force.
[F. No. CBEC 20/06/04/2020-GST]
PRAMOD KUMAR, Director
- During pendency before settlement commission, assessee have right to contest assessment
- Entire amount of undisclosed money cannot be treated income but only profit embedded
- Penalty confirmed as loading point of the goods was different as declared in E- Way Bill
- Notice u/s 143(2) send by email fifty seconds before signing by AO not a legal notice
- Amount shown payable & receivable by both parties, not unexplained money – ITAT
