https://www.taxtmi.com/article/detailed?id=8938 Finance Bill 2020 amends GST law to align the definition of "Union territory", harmonise composition scheme eligibility for goods and services, clarify ITC timing so debit note claims run from the debit note date, permit prescription of time and manner for transitional credits (with retrospective effect), provide for cancellation of voluntary registrations and extend revocation windows, empower notification of invoice timing and TDS certificate form, and strengthen penal and cognizance provisions to hold beneficiaries of fraudulent invoicing liable. en-us Tue, 04 Feb 2020 08:34:09 +0530 Tue, 04 Feb 2020 08:34:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8938 Finance Bill 2020 amends GST law to align the definition of "Union territory", harmonise composition scheme eligibility for goods and services, clarify ITC timing so debit note claims run from the debit note date, permit prescription of time and manner for transitional credits (with retrospective effect), provide for cancellation of voluntary registrations and extend revocation windows, empower notification of invoice timing and TDS certificate form, and strengthen penal and cognizance provisions to hold beneficiaries of fraudulent invoicing liable. Articles Goods and Services Tax - GST Tue, 04 Feb 2020 08:34:09 +0530 https://www.taxtmi.com/article/detailed?id=8938