TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Section 8A in GST Act Lets Government Waive Uncollected Tax Due to Common Practices Starting November 2024</h1> A new section 8A is inserted into the Union Territory Goods and Services Tax Act, allowing the government to waive the recovery of Goods and Services Tax (GST) not levied or short-levied due to a generally prevalent practice. If the government, upon the Council's recommendation, identifies a practice where Union territory tax was not levied or was levied at a lower rate than required, it may issue a notification exempting the payment of the tax that was not levied or was short-levied. This provision takes effect from November 1, 2024, as per the specified notification.
TaxTMI 
TaxTMI 
