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of <h1>New Procedure for Correcting Wrong ITC Claims u/ss 73-108 of CGST Act Announced by Central Government.</h1> The Central Government has issued a notification detailing a special procedure for rectifying orders related to the wrong availment of Input Tax Credit (ITC) under the Central Goods and Services Tax Act, 2017. This applies to orders issued under sections 73, 74, 107, or 108, where ITC was wrongly availed due to contraventions of section 16(4), but is now permissible under sections 16(5) or 16(6). Affected registered persons must apply electronically for rectification within six months, providing necessary details in Annexure A. The issuing authority will decide on the application within three months, following principles of natural justice if rectification adversely affects the applicant.
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