Retrospective GST exemption for Schedule III activities prevents refund of tax already collected under the amended treatment. Section 159 gives retrospective effect to paragraphs 7 and 8 and Explanation 2 of Schedule III to the Central Goods and Services Tax Act from 1 July 2017, treating the specified activities and transactions as covered from the original GST commencement date. It also bars refund of tax already collected but which would not have been collected had the amendment been operative at all material times. The provision comes into force on 1 October 2023.
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 GST exemption for Schedule III activities prevents refund of tax already collected under the amended treatment.
Section 159 gives retrospective effect to paragraphs 7 and 8 and Explanation 2 of Schedule III to the Central Goods and Services Tax Act from 1 July 2017, treating the specified activities and transactions as covered from the original GST commencement date. It also bars refund of tax already collected but which would not have been collected had the amendment been operative at all material times. The provision comes into force on 1 October 2023.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
