Integrated tax payable under RCM under IGST Act - words and figures “from the Financial Year under forward charge and have not reverted to reverse charge mechanism' notified - Recommended by GST Council in its 50th meeting held on 11.07.2023. Notification No. 10/2017 as amended. - 08/2023 - Integrated GST (IGST) Rate
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IGST amendment clarifies that forward charge continues where supplies have not reverted to the reverse charge mechanism. The notification amends Annexure III of Notification No. 10/2017 by substituting the words 'during the Financial Year ____ under forward charge' with 'from the Financial Year ____ under forward charge and have not reverted to reverse charge mechanism', clarifying that forward charge continues to apply to supplies that have not reverted to reverse charge; the amendment is effected by Notification No. 08/2023 and comes into force from 27th July, 2023.
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.
IGST amendment clarifies that forward charge continues where supplies have not reverted to the reverse charge mechanism.
The notification amends Annexure III of Notification No. 10/2017 by substituting the words "during the Financial Year ____ under forward charge" with "from the Financial Year ____ under forward charge and have not reverted to reverse charge mechanism", clarifying that forward charge continues to apply to supplies that have not reverted to reverse charge; the amendment is effected by Notification No. 08/2023 and comes into force from 27th July, 2023.
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