TaxTMI 
TaxTMI 
TaxTMI 
Notification Vs Press Release
X X X X Extracts X X X X
X X X X Extracts X X X X
....otification Vs Press Release<br> Query (Issue) Started By: - Krishna Murthy Dated:- 27-8-2020 Last Reply Date:- 27-8-2020 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>Sir, recently CBIC has....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... issued a notification NN 63/2020 on 25-08-2020 stating that the amended Sec 50 would be applicable wef 01-09-2020 prospectively. Later, on 26-08-2020 CBIC came out with a press release stating that t....
X X X X Extracts X X X X
X X X X Extracts X X X X
....hough NN 63/2020 was issued prospectively, no recoveries shall be made for the past period as well. My question is does such Press Release have legal force and does the Proper Office is bound to accep....
X X X X Extracts X X X X
X X X X Extracts X X X X
....t the Press Release inspite of the notification being prospective. Reply By YAGAY andSUN: The Reply: Press release has no legal sanctity. Changes in law are governed by Notifications duly published ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....through official gazette. Reply By KASTURI SETHI: The Reply: I support the views of M/s.Yagay and Sun, Sir. The purpose of press release is just to pacify and convince the Trade and Industry to the....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... extent that Govt's intention is clear to grant benefit for the past period. GST Council has already okayed the retrospective amendment. Govt. has to complete statutory formalities which may take ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....time. Now all are hopeful that practical shape for providing benefits retrospectively will be given.<br> Discussion Forum - Knowledge Sharing ....