Financial Year Meaning under GST
Financial Year The word Financial Year has not been defined in any of the Act relating to GST. Therefore, the meaning of the Financial Year as provided in General Clauses Act can be adopted. Section 3(21) of the General Clauses Act, 1897 defines Financial Year as follows:— ‘(21)”financial year” shall mean the year commencing on the first day of April;’ It means the period commencing on the 1st Day of April and ending… Read More »