Retrospective exemption from, or levy or collection of integrated tax in certain cases
Section 120 of the Finance Act, 2022 deals with retrospective exemption from, or levy or collection of integrated tax in certain cases. Retrospective exemption from, or levy or collection of integrated tax in certain cases.
Retrospective exemption from, or levy or collection of integrated tax in certain cases.
120. (1) Notwithstanding anything contained in the notification of the Government of India in the Ministry of Finance (Department of Revenue) number G. S. R. 666(E), dated the 28th June, 2017 issued by the Central Government, on the recommendations of the Council, in exercise of the powers under sub-section (1) of section 5 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), no integrated tax shall be levied or collected in respect of supply of unintended waste generated during the production of fish meal (falling under heading 2301), except for fish oil, during the period commencing from the 1st day of July, 2017 and ending with the 30th day of September, 2019 (both days inclusive).
(2) No refund shall be made of all such tax which has been collected, but which would not have been so collected, had sub-section (1) been in force at all material times.
Section 120, The Finance Act, 2022 (Act 6 of 2022).
Questions about Section 120
What does Section 120 of the Finance Act deal with?
Section 120 of the Finance Act is headed "Retrospective exemption from, or levy or collection of integrated tax in certain cases". Retrospective exemption from, or levy or collection of integrated tax in certain cases.
How do I find court cases under Section 120 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 120, section 120 Finance Act 2022, section 120 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
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.
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