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of <h1>New Rule: Govt Can Waive Uncollected GST if It Results from Widespread Practice Under Section 11A of CGST Act 2017.</h1> Section 11A of the Central Goods and Services Tax Act, 2017, grants the government the power to refrain from recovering GST that was not levied or was short-levied due to a generally prevalent practice. If the government, upon the Council's recommendation, is satisfied that a practice regarding the levy of central tax was widespread, it may issue a notification exempting the payment of the central tax that was not levied or was short-levied according to that practice. This provision was inserted by the Finance (No. 2) Act, 2024, effective from November 1, 2024.
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