Section 118 - Retrospective effect to notification issued under sub-section (2) of section 7 of Central Goods and Services Tax Act - Finance Act, 2022

Retrospective effect to notification issued under sub-section (2) of section 7 of Central Goods and Services Tax Act 118 . (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. 746(E), dated the 30th September, 2019 issued by the Central Government, on the recommendations of the Council, in exercise of the powers under 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 central 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.