West Bengal Goods and Services Tax (Amendment) Act, 2024
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GST amendment restructures input tax credit, tax demand timelines, refund limits, and new post-2024 adjudication rules.
Amendments to the West Bengal Goods and Services Tax Act, 2017 revise definitions, input tax credit rules, refund restrictions, return filing obligations, adjudication limits, and appeal procedures. A new section 74A governs tax not paid, short paid, erroneously refunded, or input tax credit wrongly availed or utilised for Financial Year 2024-25 onwards, while sections 73 and 74 are confined to periods up to Financial Year 2023-24. The Act also introduces a waiver mechanism for specified demands for earlier tax periods, expands the scope of Input Service Distributor provisions, and adds new entries to Schedule III for co-insurance and reinsurance-related transactions.