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<h1>Finance Bill 2020 Clause 131 Retroactively Enforces GST Notification from 2019, Effective July 1, 2017</h1> Clause 131 of the Finance Bill, 2020, grants retrospective effect to the notification G.S.R. 708(E) issued by the Government of India on September 30, 2019. This notification, made under the Central Goods and Services Tax Act, 2017, is deemed effective from July 1, 2017. The notification was issued on the recommendations of the Council and exercises powers under clause (ii) of the proviso to subsection (3) of section 54 of the Central Goods and Services Tax Act, read with subsection (2) of section 9 of the Goods and Services Tax (Compensation to States) Act, 2017.