Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Step 1 – Issue Identification & Review
The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.
• Review the issues identified by the AI • Add, edit, remove, or refine issues as required
Step 2 – Draft Generation
Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.
• Relevant statutory provisions • Judicial precedents and Supreme Court, High Court and other citations • Issue-wise legal analysis • Practical arguments and supporting content • Professionally structured draft ready for further review.
Clause 121 - Amendment of notification issued under section 21 of Union Territory Goods and Services Tax Act read with subsections (1) and (3) of section 50, sub-section (12) of section 54 and section 56 of Central Goods and Services Tax Act, retrospectively.
Finance Bill, 2022 Union Territory Goods and Services Tax
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Retrospective amendment to GST interest notification validates a revised statutory interest rate effective from the initial GST rollout. Clause 121 amends notification G.S.R. 747(E) to notify the rate of interest under sub section (3) of section 50 of the Central Goods and Services Tax Act as eighteen percent and declares that this amendment shall operate retrospectively from 1 July 2017; it also deems that the Central Government had and has the power to make such retrospective amendment to the notification under the relevant provisions of the Union Territory Goods and Services Tax Act and the Central Goods and Services Tax Act.
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 amendment to GST interest notification validates a revised statutory interest rate effective from the initial GST rollout.
Clause 121 amends notification G.S.R. 747(E) to notify the rate of interest under sub section (3) of section 50 of the Central Goods and Services Tax Act as eighteen percent and declares that this amendment shall operate retrospectively from 1 July 2017; it also deems that the Central Government had and has the power to make such retrospective amendment to the notification under the relevant provisions of the Union Territory Goods and Services Tax Act and the Central Goods and Services Tax Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI Drafter ✕
TaxTMI 
