diff --git a/sycl/source/detail/device_impl.cpp b/sycl/source/detail/device_impl.cpp
index 0a731bca448ac..f0e43b7ba2afb 100644
--- a/sycl/source/detail/device_impl.cpp
+++ b/sycl/source/detail/device_impl.cpp
@@ -309,61 +309,11 @@ ur_native_handle_t device_impl::getNative() const {
   return Handle;
 }
 
-// On the first call this function queries for device timestamp
-// along with host synchronized timestamp and stores it in member variable
-// MDeviceHostBaseTime. Subsequent calls to this function would just retrieve
-// the host timestamp, compute difference against the host timestamp in
-// MDeviceHostBaseTime and calculate the device timestamp based on the
-// difference.
-//
-// The MDeviceHostBaseTime is refreshed with new device and host timestamp
-// after a certain interval (determined by TimeTillRefresh) to account for
-// clock drift between host and device.
-//
 uint64_t device_impl::getCurrentDeviceTime() {
-  auto GetGlobalTimestamps = [this](ur_device_handle_t Device,
-                                    uint64_t *DeviceTime, uint64_t *HostTime) {
-    auto Result =
-        getAdapter().call_nocheck<UrApiKind::urDeviceGetGlobalTimestamps>(
-            Device, DeviceTime, HostTime);
-    if (Result == UR_RESULT_ERROR_INVALID_OPERATION) {
-      // NOTE(UR port): Removed the call to GetLastError because  we shouldn't
-      // be calling it after ERROR_INVALID_OPERATION: there is no
-      // adapter-specific error.
-      throw detail::set_ur_error(
-          sycl::exception(
-              make_error_code(errc::feature_not_supported),
-              "Device and/or backend does not support querying timestamp."),
-          UR_RESULT_ERROR_INVALID_OPERATION);
-    } else {
-      getAdapter().checkUrResult<errc::feature_not_supported>(Result);
-    }
-  };
-
-  uint64_t HostTime = 0;
-  uint64_t Diff = 0;
-  // To account for potential clock drift between host clock and device clock.
-  // The value set is arbitrary: 200 seconds
-  constexpr uint64_t TimeTillRefresh = 200e9;
-  // If getCurrentDeviceTime is called for the first time or we have to refresh.
-  std::shared_lock<std::shared_mutex> ReadLock(MDeviceHostBaseTimeMutex);
-  if (!MDeviceHostBaseTime.second || Diff > TimeTillRefresh) {
-    ReadLock.unlock();
-    std::unique_lock<std::shared_mutex> WriteLock(MDeviceHostBaseTimeMutex);
-    // Recheck the condition after acquiring the write lock.
-    if (MDeviceHostBaseTime.second && Diff <= TimeTillRefresh) {
-      // If we are here, it means that another thread has already updated
-      // MDeviceHostBaseTime, so we can just return the current device time.
-      return MDeviceHostBaseTime.first + Diff;
-    }
-    GetGlobalTimestamps(MDevice, &MDeviceHostBaseTime.first,
-                        &MDeviceHostBaseTime.second);
-  } else {
-    GetGlobalTimestamps(MDevice, nullptr, &HostTime);
-    assert(HostTime >= MDeviceHostBaseTime.second);
-    Diff = HostTime - MDeviceHostBaseTime.second;
-  }
-  return MDeviceHostBaseTime.first + Diff;
+  uint64_t DeviceTime = 0;
+  getAdapter().call<UrApiKind::urDeviceGetGlobalTimestamps>(
+      MDevice, &DeviceTime, nullptr);
+  return DeviceTime;
 }
 
 bool device_impl::extOneapiCanBuild(
diff --git a/sycl/source/detail/device_impl.hpp b/sycl/source/detail/device_impl.hpp
index c92d45fac5593..36239c211eb5d 100644
--- a/sycl/source/detail/device_impl.hpp
+++ b/sycl/source/detail/device_impl.hpp
@@ -2249,9 +2249,6 @@ class device_impl {
   // This is used for getAdapter so should be above other properties.
   platform_impl &MPlatform;
 
-  std::shared_mutex MDeviceHostBaseTimeMutex;
-  std::pair<uint64_t, uint64_t> MDeviceHostBaseTime{0, 0};
-
   const ur_device_handle_t MRootDevice;
 
   // Devices track a list of active queues on it, to allow for synchronization
diff --git a/sycl/test-e2e/Basic/submit_time.cpp b/sycl/test-e2e/Basic/submit_time.cpp
index 441051191cd39..4ef722fec9141 100644
--- a/sycl/test-e2e/Basic/submit_time.cpp
+++ b/sycl/test-e2e/Basic/submit_time.cpp
@@ -1,9 +1,7 @@
 // RUN: %{build} -o %t.out
-// There is an issue with reported device time for the L0 backend, works only on
-// pvc for now. No such problems for other backends.
-// RUN: %if (!level_zero || arch-intel_gpu_pvc) %{ %{run} %t.out %}
+// RUN: %{run} %t.out
 
-// Check that submission time is calculated properly.
+// Check that submission time is valid.
 
 // Test fails on hip flakily, disable temprorarily.
 // UNSUPPORTED: hip
@@ -19,11 +17,12 @@
 
 int main(void) {
   constexpr size_t n = 16;
+  constexpr size_t iter_count = 100;
   sycl::queue q({sycl::property::queue::enable_profiling{}});
   int *data = sycl::malloc_host<int>(n, q);
   int *dest = sycl::malloc_host<int>(n, q);
 
-  for (int i = 0; i < 5; i++) {
+  for (int i = 0; i < iter_count; i++) {
     auto event = q.submit([&](sycl::handler &cgh) {
       cgh.parallel_for<class KernelTime>(
           sycl::range<1>(n), [=](sycl::id<1> idx) { data[idx] = idx; });
@@ -52,7 +51,7 @@ int main(void) {
   uint64_t memcpy_submit_time = 0;
   uint64_t memcpy_start_time = 0;
   uint64_t memcpy_end_time = 0;
-  for (int i = 0; i < 5; i++) {
+  for (int i = 0; i < iter_count; i++) {
     auto memcpy_event = q.memcpy(dest, data, sizeof(int) * n);
     memcpy_event.wait();