Retrospective effect to notification issued under clause (i) of section 20 of Integrated Goods and Services Tax Act read with subsection (2) of section 7 of Central Goods and Services Tax Act.
120. (1) Subject to the provisions of sub-section (2), the notification of the Government of India in the Ministry of Finance (Department of Revenue) number G.S.R. 745(E),dated the 30th September, 2019 issued by the Central Government on the recommendations of the Council, in exercise of the powers under clause (i) of section 20 of the Integrated Goods and Services Tax Act, 2017 [13 of 2017], read with sub-section (2) of section 7 of the Central Goods and Services Tax Act, 2017 [12 of 2017], shall be deemed to have, and always to have, for all purposes, come into force on and from the 1st day of July, 2017.
(2) No refund shall be made of all such integrated tax which has been collected, but which would not have been so collected, had the notification referred to in sub-section (1) been in force at all material times.
Notes on Clauses:
Clause 120 seeks to give retrospective effect to the notification of the Government of India in the Ministry of Finance (Department of Revenue) number G.S.R. 745(E), dated the 30th September,2019 with effect from the 1st day of July,2017.
It further seeks to provide that no refund shall be made of the integrated tax which has already been collected.
