Retrospective omission of a Schedule II paragraph changes GST supply classification and applies to prior tax periods. The Bill omits paragraph 7 of Schedule II to the Central Goods and Services Tax Act and declares that this omission is to be deemed effective from the 1st day of July, 2017, thereby applying the change retrospectively to the Schedule II classification of supplies under the Act.
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Provisions expressly mentioned in the judgment/order text.
Retrospective omission of a Schedule II paragraph changes GST supply classification and applies to prior tax periods.
The Bill omits paragraph 7 of Schedule II to the Central Goods and Services Tax Act and declares that this omission is to be deemed effective from the 1st day of July, 2017, thereby applying the change retrospectively to the Schedule II classification of supplies under the Act.
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