Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Finance Bill 2022 amends CGST Act to exempt central tax on fish meal waste from 2017-2019, no refunds.</h1> Clause 116 of the Finance Bill, 2022, amends the Central Goods and Services Tax Act, 2017, to retrospectively exempt central tax on unintended waste generated during fish meal production, excluding fish oil, from July 1, 2017, to September 30, 2019. Despite this exemption, any central tax collected during this period will not be refunded. This provision overrides a prior notification by the Ministry of Finance issued on June 28, 2017, ensuring no central tax is levied or collected on such waste within the specified timeframe.