Tax charging mechanism: amendment clarifies forward charge applicability for supplies not reverted to reverse charge mechanism. The notification substitutes in Annexure III the phrase referring to supplies 'during the Financial Year ____ under forward charge' with wording stating those supplies are 'from the Financial Year ____ under forward charge and have not reverted to reverse charge mechanism', thereby narrowing forward charge applicability to exclude supplies that reverted to reverse charge.
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Provisions expressly mentioned in the judgment/order text.
Tax charging mechanism: amendment clarifies forward charge applicability for supplies not reverted to reverse charge mechanism.
The notification substitutes in Annexure III the phrase referring to supplies "during the Financial Year ____ under forward charge" with wording stating those supplies are "from the Financial Year ____ under forward charge and have not reverted to reverse charge mechanism", thereby narrowing forward charge applicability to exclude supplies that reverted to reverse charge.
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