TMI BlogRetrospective exemption from, or levy or collection of, integrated tax in certain cases.X X X X Extracts X X X X X X X X Extracts X X X X ..... ia in the Ministry of Finance (Department of Revenue) number G.S.R. 666( E ), dated the 28th June, 2017, issued by the Central Government, on the recommendations of the Council, in exercise of the power under sub-section ( 1 ) of section 5 of the Integrated Goods and Services Tax Act, 2017, (13 of 2017) ( i ) no integrated tax shall be levied or collected ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... all material times. - Clause 133 of the Bill seeks to provide retrospective exemption from integrated tax on supply of fishmeal, during the period from the 1st day of July, 2017 up to 30th day of September, 2019 (both days inclusive). It further seeks to retrospectively levy integrated tax at the reduced rate of twelve per cent. on supply of pulley, wheels and other parts (fall ..... X X X X Extracts X X X X X X X X Extracts X X X X
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