Amendment of notification issued under section 20 of Integrated Goods and Services Tax Act, 2017 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.

Amendment of notification issued under section 20 of Integrated Goods and Services Tax Act, 2017 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. https://www.taxtmi.com/acts?id=40597 Clause 118 amends notification G.S.R. 698(E) to substitute the notified interest rate under sub-section (3) of section 50 of the Central Goods and Services Tax Act and declares that substitution to operate retrospectively from the specified effective date; it also deems that the Central Government had and has the power to effect such retrospective amendment of the notification. en-us Tue, 01 Feb 2022 16:43:14 +0530 Tue, 01 Feb 2022 16:43:14 +0530 TaxTMI RSS Generator Amendment of notification issued under section 20 of Integrated Goods and Services Tax Act, 2017 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. https://www.taxtmi.com/acts?id=40597 Clause 118 amends notification G.S.R. 698(E) to substitute the notified interest rate under sub-section (3) of section 50 of the Central Goods and Services Tax Act and declares that substitution to operate retrospectively from the specified effective date; it also deems that the Central Government had and has the power to effect such retrospective amendment of the notification. Act-Rules Bills Tue, 01 Feb 2022 16:43:14 +0530 https://www.taxtmi.com/acts?id=40597