Retrospective effect to notification issued under sub-section (2) of section 7 of Central Goods and Services Tax Act
Section 118 of the Finance Act, 2022 deals with retrospective effect to notification issued under sub-section (2) of section 7 of Central Goods and Services Tax Act. Retrospective effect to notification issued under sub-section (2) of section 7 of Central Goods and Services Tax Act.
Retrospective effect to notification issued under sub-section (2) of section 7 of Central Goods and Services Tax Act.
118. (1) Subject to the provisions of sub-section (2), the notification of the Government of India in the Ministry of Finance (Department of Revenue) number G. S. R. 746(E), dated the 30th September, 2019 issued by the Central Government, on the recommendations of the Council, in exercise of the powers under sub- section (2) of section 7 of the Central Goods of and Services Tax Act, 2017 (12 of 2017), shall be deemed to have, and always to have, for all purposes, come into force on and from the 1st day of July, 2017.
(2) No refund shall be made of all such central tax which has been collected, but which would not have been so collected, had the notification referred to in sub-section (1) been in force at all material times.
Section 118, The Finance Act, 2022 (Act 6 of 2022).
Cross-references
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Questions about Section 118
What does Section 118 of the Finance Act deal with?
Section 118 of the Finance Act is headed "Retrospective effect to notification issued under sub-section (2) of section 7 of Central Goods and Services Tax Act". Retrospective effect to notification issued under sub-section (2) of section 7 of Central Goods and Services Tax Act.
How do I find court cases under Section 118 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2022 118, section 118 Finance Act 2022, section 118 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 118 of the Finance Act, and has it changed?
Its own text turns on Central Goods and Services Tax Act 7 (Scope of supply), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2022 as Act 6 of 2022. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule9792 words
- 2. Income-tax6839 words
- 42. Amendment of section 144B3753 words
- 4. Amendment of section 103713 words
- 39. Insertion of new section 140B1269 words
- 31. Amendment of section 115TD965 words
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