Govt. Notifies Effective Date for Applicability of Mandatory Distribution by ISD and Penalty Provisions for Tobacco Manufacturers
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- By Chetan Kulasri
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- Last Updated on 8 August, 2024
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Notification No. 16/2024-Central Tax dated August 6th, 2024
The CBIC has issued notification to provide that the effective date for mandatory distribution by Input Service Distributor shall be 01-04-2025 and the effective date for applicability of penalty provisions for tobacco manufacturers shall be 01-10-2024. These provisions were incorporated within the CGST Act vide the Finance Act, 2024.
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