Hello sir,
When Circular is issued without mentioning the effective date that changes applicability in act/rules, shall we take the effective date as the date when circular issued? For example, a circular issued by the central board of indirect taxes and customs on 26th june 2024 (no.215/9/2024-GST) about taxability of salvage value from vehicle insurance. There is no date given in circular as “applicable from x date”.so what will be the effective date for this? Can we take 26-06-2024 as the effective date or the amendment will be applicable before 26-06-2024 also?
CAclubindia
