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<h1>Clause 117 of Finance Bill 2022 gives retrospective effect to 2019 GST notification from July 1, 2017. No refunds allowed.</h1> Clause 117 of the Finance Bill, 2022, aims to grant retrospective effect to a notification issued by the Government of India under sub-section (2) of section 7 of the Central Goods and Services Tax Act. This notification, dated September 30, 2019, is deemed effective from July 1, 2017. The clause specifies that no refunds will be issued for central tax collected prior to the notification's retrospective application, even though such tax would not have been collected if the notification had been effective at the relevant times.