Retrospective exemption from, or levy or collection of Union territory tax in certain cases

In force Act 6 of 2022 As on 10 Oct 2026

Act 6 of 2022 Ministry Finance

Section 123 of the Finance Act, 2022 deals with retrospective exemption from, or levy or collection of Union territory tax in certain cases. Retrospective exemption from, or levy or collection of Union territory tax in certain cases.

Retrospective exemption from, or levy or collection of Union territory tax in certain cases.
123. (1) Notwithstanding anything contained in the notification of the Government of India in the Ministry of Finance (Department of Revenue) number G. S. R. 710(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 7 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017,) no Union territory 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 123, The Finance Act, 2022 (Act 6 of 2022).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

Union Territory Goods and Services Tax Act s. 7 Chapter-LEVY AND COLLECTION OF TAX

Questions about Section 123

What does Section 123 of the Finance Act deal with?

Section 123 of the Finance Act is headed "Retrospective exemption from, or levy or collection of Union territory tax in certain cases". Retrospective exemption from, or levy or collection of Union territory tax in certain cases.

How do I find court cases under Section 123 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 123, section 123 Finance Act 2022, section 123 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 123 of the Finance Act, and has it changed?

Its own text turns on Union Territory Goods and Services Tax Act 7 (Chapter-LEVY AND COLLECTION OF TAX), 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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