Forward charge mechanism amended: eligibility now depends on starting under forward charge and not reverting to reverse charge. The notification substitutes in Annexure III the phrase limiting applicability to supplies 'during the Financial Year _________ under forward charge' with wording covering supplies 'from the Financial Year ________ under forward charge and have not reverted to reverse charge mechanism,' thereby making the temporal scope and continuous status under the forward charge mechanism the operative eligibility criterion; the amendment is effective from 27th July, 2023.
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Provisions expressly mentioned in the judgment/order text.
Forward charge mechanism amended: eligibility now depends on starting under forward charge and not reverting to reverse charge.
The notification substitutes in Annexure III the phrase limiting applicability to supplies "during the Financial Year _________ under forward charge" with wording covering supplies "from the Financial Year ________ under forward charge and have not reverted to reverse charge mechanism," thereby making the temporal scope and continuous status under the forward charge mechanism the operative eligibility criterion; the amendment is effective from 27th July, 2023.
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