Amendment of notification issued under subsections (1) and (3) of section 50, sub-section (12) of section 54 and section 56 of Central Goods and Services Tax Act, retrospectively.

Amendment of notification issued under subsections (1) and (3) of section 50, sub-section (12) of section 54 and section 56 of Central Goods and Services Tax Act, retrospectively. https://www.taxtmi.com/acts?id=40594 The Bill retrospectively amends a Ministry of Finance notification under the Central Goods and Services Tax Act to fix the applicable interest rate and deems the notification amended from the dates in the Sixth Schedule. It also confers a deemed retrospective power on the Central Government to make such amendments as if retrospective amendment power had existed under the relevant Act provisions at all material times. en-us Tue, 01 Feb 2022 16:42:03 +0530 Tue, 01 Feb 2022 16:42:03 +0530 TaxTMI RSS Generator Amendment of notification issued under subsections (1) and (3) of section 50, sub-section (12) of section 54 and section 56 of Central Goods and Services Tax Act, retrospectively. https://www.taxtmi.com/acts?id=40594 The Bill retrospectively amends a Ministry of Finance notification under the Central Goods and Services Tax Act to fix the applicable interest rate and deems the notification amended from the dates in the Sixth Schedule. It also confers a deemed retrospective power on the Central Government to make such amendments as if retrospective amendment power had existed under the relevant Act provisions at all material times. Act-Rules Bills Tue, 01 Feb 2022 16:42:03 +0530 https://www.taxtmi.com/acts?id=40594