Forward charge applicability amended to apply from the specified financial year unless reverted to reverse charge mechanism. The notification substitutes the Annexure III wording to treat supplies 'from the Financial Year ____ under forward charge and have not reverted to reverse charge mechanism,' thereby making forward charge applicable from the specified financial year onward until supplies revert to reverse charge. The amendment is issued under the Telangana GST Act on Council recommendation and takes effect from 27th July, 2023.
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Provisions expressly mentioned in the judgment/order text.
Forward charge applicability amended to apply from the specified financial year unless reverted to reverse charge mechanism.
The notification substitutes the Annexure III wording to treat supplies "from the Financial Year ____ under forward charge and have not reverted to reverse charge mechanism," thereby making forward charge applicable from the specified financial year onward until supplies revert to reverse charge. The amendment is issued under the Telangana GST Act on Council recommendation and takes effect from 27th July, 2023.
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