Forward charge applies from the specified financial year only where supplies have not reverted to reverse charge mechanism. The amendment replaces the phrase in Annexure III to require that forward charge applies 'from the Financial Year _____ under forward charge and have not reverted to reverse charge mechanism,' restricting application to supplies that continue under forward charge and have not shifted back to the reverse charge mechanism; made under statutory authority on the Council's recommendation and effective from 27th July, 2023.