Retrospective tax exemption modifies central tax incidence on fishmeal and agricultural machinery parts, and bars refund claims. Section 132 retrospectively exempts central tax on fishmeal (heading 2301) for the period 1 July 2017 to 30 September 2019 and prescribes central tax at six per cent on pulleys, wheels and other parts (heading 8483) when used as parts of agricultural machinery (headings 8432, 8433 and 8436) for the period 1 July 2017 to 31 December 2018; subsection (2) bars refunds of tax actually collected that would not have been collectible had subsection (1) applied at all material times.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Retrospective tax exemption modifies central tax incidence on fishmeal and agricultural machinery parts, and bars refund claims.
Section 132 retrospectively exempts central tax on fishmeal (heading 2301) for the period 1 July 2017 to 30 September 2019 and prescribes central tax at six per cent on pulleys, wheels and other parts (heading 8483) when used as parts of agricultural machinery (headings 8432, 8433 and 8436) for the period 1 July 2017 to 31 December 2018; subsection (2) bars refunds of tax actually collected that would not have been collectible had subsection (1) applied at all material times.
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