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of <h1>New Section 6A in Finance Bill 2024 Allows Waiver of Uncollected Integrated Tax Due to Common Practices.</h1> Clause 148 of the Finance (No. 2) Bill, 2024, introduces section 6A into the Integrated Goods and Services Tax Act. This section empowers the government to waive the recovery of integrated tax not levied or short-levied due to a generally prevalent practice. If the government determines that such a practice exists and affects the levy of integrated tax on certain goods or services, it may, upon the Council's recommendation, issue a notification exempting the payment of the integrated tax that was not levied or was short-levied due to this practice.
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