CBIC issued notification no 43 in which Section 128 of Finance Act 2020 has been notified with effect from 01.07.2017. Section 128 of Finance Act 2020 is as follows : Read Also : New TDS rates from 14.05.2020 In section 140 of the Central Goods and Services Tax Act, with effect from the 1st day […]
BLOCKED CREDITS IN GST U/S 17(5) OF GST ACT (a) motor vehicles for transportation of persons having approved seating capacity of not more than thirteen persons (including the driver), except when they are used for making the following taxable supplies, namely:—(A) further supply of such motor vehicles; or(B) transportation of passengers; or(C) imparting training on […]