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<h1>Retrospective input tax credit entitlement extended; taxpayers may seek electronic rectification under prescribed procedure, refunds restricted.</h1> Clarifies implementation of retrospectively inserted sub-section (5) and sub-section (6) of section 16 of the CGST Act extending entitlement to input tax credit for specified past years and revoked-registration cases; directs authorities to recognise these provisions at investigative, adjudicatory, revisional and appellate stages and to pass appropriate orders. Introduces a special rectification procedure under section 148 via Notification No. 22/2024 for affected taxpayers to apply electronically within six months, requires prescribed annexure details, mandates decision by the original officer (ordinarily within three months) with natural justice safeguards, and reiterates that section 150 of the Finance Act bars refunds of tax paid or credits reversed, subject to refund of successful appeal pre-deposits.
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