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.

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. https://www.taxtmi.com/acts?id=40600 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. en-us Tue, 01 Feb 2022 16:44:20 +0530 Sat, 05 Feb 2022 10:18:45 +0530 TaxTMI RSS Generator 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. https://www.taxtmi.com/acts?id=40600 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. Act-Rules Bills Tue, 01 Feb 2022 16:44:20 +0530 https://www.taxtmi.com/acts?id=40600