Treatment of retention payments
Section 161
Bill
TRANSITIONAL PROVISIONS
MODEL GST LAW – GOODS AND SERVICES TAX ACT, 2016 – Draft June 2016
161. Treatment of retention payments
\nNotwithstanding anything contained in section 12 and 13, no tax shall be payable on the supply of goods and\/or services made before the appointed day where a part consideration for the said supply is received on or after the appointed day, but the full duty or tax payable on such supply has already been <\/p>\n
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