Cross transfer of balance in cash ledger - Interest on ITC wrongly availed and utilized - Seeks to notify the provisions of clause (c) of section 110 and section 111 of the Finance Act, 2022 - 09/2022 - Central GST (CGST)
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Commencement of Finance Act provisions on cross-transfer of cash ledger balance and interest on wrongly availed ITC notified to commence. The Central Government, exercising its commencement power under the Finance Act, 2022, notifies that the provisions concerning cross transfer of cash ledger balances and interest on wrongly availed and utilized input tax credit shall come into force on the appointed date; the notification is issued by the Central Board of Indirect Taxes and Customs through the Ministry of Finance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Commencement of Finance Act provisions on cross-transfer of cash ledger balance and interest on wrongly availed ITC notified to commence.
The Central Government, exercising its commencement power under the Finance Act, 2022, notifies that the provisions concerning cross transfer of cash ledger balances and interest on wrongly availed and utilized input tax credit shall come into force on the appointed date; the notification is issued by the Central Board of Indirect Taxes and Customs through the Ministry of Finance.
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