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of <h1>New GST Rule Allows Government to Waive Uncollected Tax Due to Common Practices Under Section 11A Starting November 2024.</h1> Section 11A, inserted into the Central Goods and Services Tax Act by the Finance (No. 2) Act, 2024, empowers the government to refrain from recovering Goods and Services Tax (GST) that was not levied or was short-levied due to a generally prevalent practice. If it is determined that there was a common practice of non-levy or short-levy of central tax on certain supplies, the government may, upon the Council's recommendation, issue a notification exempting the payment of the central tax that was not levied or was short-levied. This provision takes effect on November 1, 2024.
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