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<h1>Finance Bill 2022 Clause 120 Retroactively Validates 2019 GST Notification from July 2017; No Refunds Allowed for Prior Collections.</h1> Clause 120 of the Finance Bill, 2022, grants retrospective effect to a notification issued by the Government of India under the Integrated Goods and Services Tax Act, 2017, and the Central Goods and Services Tax Act, 2017. This notification, originally dated September 30, 2019, is deemed effective from July 1, 2017. The clause specifies that no refunds will be issued for integrated tax collected prior to this notification being deemed in effect.