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<h1>Finance Act 2022: Section 118 Grants Retrospective Effect to 2019 GST Notification; No Refunds for Past Central Tax Collection</h1> The Finance Act, 2022, under Section 118, grants retrospective effect to a notification issued by the Central Government on September 30, 2019, under sub-section (2) of Section 7 of the Central Goods and Services Tax Act, 2017. This notification is considered effective from July 1, 2017. However, any central tax collected that would not have been collected if the notification had been in effect from that date will not be refunded.