Page 63 - GSTL_2nd April 2020_Vol 35_Part 1

2020 ] THE FINANCE ACT, 2020 B7
133. Retrospective effect to notification issued under clause (ii) of
proviso to sub-section (3) of section 54 of Central Goods and Services Tax Act.
— The notification of the Government of India in the Ministry of Finance (De-
partment of Revenue) number G.S.R. 708(E), dated the 30th September, 2019,
issued by the Central Government, on the recommendations of the Council, in
exercise of the powers under clause (ii) of the proviso to sub-section (3) of section
54 of the Central Goods and Services Tax Act, 2017 (12 of 2017), read with sub-
section (2) of section 9 of the Goods and Services Tax (Compensation to States)
Act, 2017 (15 of 2017), shall be deemed to have, and always to have, for all pur-
poses, come into force on and from the 1st day of July, 2017.

INTEGRATED GOODS AND SERVICES TAX

134. Amendment of section 25. — In section 25 of the Integrated Goods
and Services Tax Act, 2017 (13 of 2017), in sub-section (1), in the proviso, for the
words “three years”, the words “five years” shall be substituted.
135. Retrospective exemption from, or levy or collection of, integrat-
ed tax in certain cases. — (1) Notwithstanding anything contained in the noti-
fication of the Government of India 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 in respect of sup-
ply of fishmeal (falling under heading 2301), during the period com-
mencing from the 1st day of July, 2017 and ending with the 30th day of
September, 2019 (both days inclusive);
(ii) integrated tax at the rate of twelve 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.

UNION TERRITORY GOODS AND SERVICES TAX

136. Amendment of section 1. — In section 1 of the Union Territory
Goods and Services Tax Act, 2017 (14 of 2017) (hereinafter referred as the Union
Territory Goods and Services Tax Act), in sub-section (2), for the words “Dadra
and Nagar Haveli, Daman and Diu”, the words “Dadra and Nagar Haveli and
Daman and Diu, Ladakh” shall be substituted.
137. Amendment of section 2. — In section 2 of the Union Territory
Goods and Services Tax Act, in clause (8), for sub-clauses (iii) and (iv), the fol-
lowing sub-clauses shall be substituted, namely :-

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