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B6 GST LAW TIMES [ Vol. 35
(e) in sub-section (6), for the words “goods held in stock on the
appointed day subject to”, the words “goods held in stock on the ap-
pointed day, within such time and in such manner as may be prescribed,
subject to” shall be substituted and shall be deemed to have been substi-
tuted;
(f) in sub-section (7), for the words “credit under this Act even if”,
the words “credit under this Act, within such time and in such manner
as may be prescribed, even if” shall be substituted and shall be deemed
to have been substituted;
(g) in sub-section (8), for the words “in such manner”, the words
“within such time and in such manner” shall be substituted and shall be
deemed to have been substituted;
(h) in sub-section (9), for the words “credit can be reclaimed sub-
ject to”, the words “credit can be reclaimed within such time and in such
manner as may be prescribed, subject to” shall be substituted and shall
be deemed to have been substituted.
129. Amendment of section 168. — In section 168 of the Central Goods
and Services Tax Act, in sub-section (2), for the words, brackets and figures “sub-
section (5) of section 66, sub-section (1) of section 143”, the words, brackets and
figures “sub-section (1) of section 143, except the second proviso thereof” shall be
substituted.
130. Amendment of section 172. — In section 172 of the Central Goods
and Services Tax Act, in sub-section (1), in the proviso, for the words “three
years”, the words “five years” shall be substituted.
131. Amendment to Schedule II. — In Schedule II to the Central Goods
and Services Tax Act, in paragraph 4, the words “whether or not for a considera-
tion,” at both the places where they occur, shall be omitted and shall be deemed
to have been omitted with effect from the 1st day of July, 2017.
132. Retrospective exemption from, or levy or collection of, central
tax in certain cases. — (1) Notwithstanding anything contained in the notifica-
tion of the Government of India in the Ministry of Finance (Department of Reve-
nue) number G.S.R. 673(E), dated the 28th June, 2017, issued by the Central Gov-
ernment, on the recommendations of the Council, in exercise of the powers un-
der sub-section (1) of section 9 of the Central Goods and Services Tax Act, 2017
(12 of 2017), -
(i) no central tax shall be levied or collected in respect of supply of
fishmeal (falling under heading 2301), during the period commencing
from the 1st day of July, 2017 and ending with the 30th day of Septem-
ber, 2019 (both days inclusive);
(ii) central tax at the rate of six per cent. shall be levied or collected
in respect of supply of pulley, wheels and other parts (falling under
heading 8483) and used as parts of agricultural machinery (falling under
headings 8432, 8433 and 8436), during the period commencing from the
1st day of July, 2017 and ending with the 31st day of December, 2018
(both days inclusive).
(2) No refund shall be made of all such tax which has been collected,
but which would not have been so collected, had sub-section (1) been in force at
all material times.

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