Schedule II amendment omits paragraph 7 with retrospective effect under the Central Goods and Services Tax framework. Paragraph 7 of Schedule II to the Central Goods and Services Tax Act is omitted and deemed to have been omitted with effect from 1 July 2017. The ... Summary
Schedule II amendment omits paragraph 7 with retrospective effect under the Central Goods and Services Tax framework.
Paragraph 7 of Schedule II to the Central Goods and Services Tax Act is omitted and deemed to have been omitted with effect from 1 July 2017. The amendment is part of the Finance Act, 2021 and comes into force on 1 January 2022 by notification.
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