JAISON JACOB K (Assistant Manager Finance in Grand Hyatt Kochi Bolgatty) (29 Points)
26 December 2011Dear Members
pls clarify whether the Amended notification issued on 27th Feb 2010 as against Notification no.24/2004 issued on 10th Sep 2004 is applicable with retrospective effect or not ???
CA Prabhat Gupta
(Manager (Indirect Taxes))
(821 Points)
Replied 26 December 2011
No, as the notification has to come into force on and from the date of its publication in the Gazette of India and nothing in the notification indicates that it shall have retrospective effect, it will we effective prospectively.
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 26 December 2011
Noti.no.3/2010 is not retrospective.
CAclubindia
