CBIC clarifies on challenges faced in adhering to compliance requirements amidst COVID-19 outbreak
CBIC clarifies on challenges faced by the registered persons in adhering to the compliance requirements under various other provisions of the CGST Act on account of measures taken to prevent the spread of COVID-19; Explains that, in case GST is paid by the supplier on advances received for a future event which got cancelled subsequently and for which invoice is issued before supply of service, the supplier is required to issue a “credit note” in terms of section...