Circular No. ES/142 /2020-21 18th May, 2020
To : Members of the Council
Sub: CBIC brings into force Section 128 of Finance Act, 2020 in order to bring amendment in Section 140 of CGST Act w.e.f. 01.07.2017
This is to inform you that CBIC has issued Notification No.43/2020- Central Tax dated .16th May, 2020 amending rules to disallow transitional credit claims retrospectively.
The Central Government hereby appoints 18th May, 2020, as the date on which the provisions of section 128 of the said Act, shall come into force.
Members may kindly make a note of the above.