CBIC specifies operative date for Explanation to Sr. No. 3(vi) inserted in Services Notification

CBIC clarifies that Explanation inserted u/s 11(3) of the CGST Act is effective from inception of the entry at Sl. No. 3(vi) of Notification No. 11/2017- CTR dated June 28, 2017, i.e. September 21, 2017; Explanation provided that, for the purpose of the said entry, the activities or transactions under taken by Government and Local Authority are excluded from the term ‘business’: CBIC CircularClick here to read/download copy of CBIC Circular No. 120/39/2019-GST dated Octob...