Clause 112 - Amendment of notification number G.S.R. 674(E) issued under subsection (1) of section 11 of Central Goods and Services Tax Act, retrospectively.
Finance (No. 2) Bill, 2019 Central Goods and Services tax
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Retrospective exemption for Uranium Ore Concentrate from central tax; no refunds for tax already collected previously. The amendment inserts S. No. 103A in notification G.S.R. 674(E) to exempt Uranium Ore Concentrate from central GST retrospectively from 1 July 2017, deems ... Summary
Retrospective exemption for Uranium Ore Concentrate from central tax; no refunds for tax already collected previously.
The amendment inserts S. No. 103A in notification G.S.R. 674(E) to exempt Uranium Ore Concentrate from central GST retrospectively from 1 July 2017, deems the Central Government to have had the power to make that retrospective amendment under section 11(1) at all material times, and provides that no refund shall be made of tax already collected which would not have been collected had the exemption been in force.
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