Retrospective notification effect: specified GST notification treated as effective from regime commencement; refunds of collected central tax barred. A statutory amendment deems a specified Central GST notification to have been in force from the commencement of the GST regime, treating the notification ... Summary
Retrospective notification effect: specified GST notification treated as effective from regime commencement; refunds of collected central tax barred.
A statutory amendment deems a specified Central GST notification to have been in force from the commencement of the GST regime, treating the notification as always effective for all purposes; it also prohibits refunds of central tax that was collected but would not have been collected had the notification been treated as in force at the relevant times.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.