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of <h1>New GST Rule 11A Allows Government to Waive Unpaid or Underpaid Taxes Due to Common Practices Starting November 2024.</h1> Section 11A of the GST Ready Reckoner, effective from November 1, 2024, empowers the government to refrain from recovering GST not levied or short-levied due to general practice. If a prevalent practice led to non-levy or short-levy of central tax on certain goods or services, the government, upon the Council's recommendation, can issue a notification exempting the payment of the central tax or the excess tax that would have been due without such practice. This provision aims to address discrepancies arising from established practices in tax levy.
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