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Specified actionable claims exclusion removes advance-payment tax exemption for suppliers of such claims under composition rule. With effect from 1 October 2023, the notification is amended to insert the words ', other than the registered person making supply of specified actionable claims as defined in clause (102A) of section 2 of the said Act,' after the words and figures 'composition levy under section 10 of the said Act', thereby excluding suppliers of specified actionable claims from the prior concession regarding tax on advances.
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Provisions expressly mentioned in the judgment/order text.
Specified actionable claims exclusion removes advance-payment tax exemption for suppliers of such claims under composition rule.
With effect from 1 October 2023, the notification is amended to insert the words ", other than the registered person making supply of specified actionable claims as defined in clause (102A) of section 2 of the said Act," after the words and figures "composition levy under section 10 of the said Act", thereby excluding suppliers of specified actionable claims from the prior concession regarding tax on advances.
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