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of <h1>New Section 6A Added to IGST Act Allows Waiver of Unpaid Taxes Due to Common Practices from Nov 1, 2024.</h1> A new section 6A is added to the Integrated Goods and Services Tax Act by the Finance (No. 2) Act, 2024, effective November 1, 2024. This section allows the government, upon the Council's recommendation, to waive the recovery of integrated tax not levied or short-levied due to a generally prevalent practice. If it is established that such a practice exists and affects the levy of integrated tax on certain supplies, the government may issue a notification exempting the payment of the tax that was not levied or was short-levied according to this practice.
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