CBIC says GST Rule 96(10) omission applies retrospectively
In short
CBIC said the removal of GST Rule 96(10) applies from October 23, 2017, not just from now. The report says this came after a Supreme Court ruling.
This matters because it can affect GST compliance and past cases. The report does not say exactly which businesses gain or lose, or how many cases are affected.
What the reporting says
CBIC clarified that the omission of GST Rule 96(10) applies retrospectively from October 23, 2017, following a Supreme Court ruling, according to the reported summary. The note says this means the rule is treated as removed from that date. The available reporting does not state which taxpayers are affected, how large the impact is, or whether refunds or disputes change immediately.
Why it matters
CBIC has clarified that the omission of GST Rule 96(10) applies retrospectively from October 23, 2017, after a Supreme Court ruling. That means the rule is treated as removed from that date, which could affect past GST filings and disputes. The reporting does not identify the specific taxpayers impacted or any quantified financial effect.