https://www.taxtmi.com/article/detailed?id=10294 The Bill reduces the GST interest rate for wrongful availment or utilisation of input tax credit to 18% retrospectively and aligns central, integrated and union territory provisions. It retrospectively exempts GST on unintended waste from fish meal production (excluding fish oil) and retrospectively treats liquor licence fees as not constituting supply, across central, integrated and union territory GST; taxes already collected for the retrospective periods will not be refunded. en-us Sat, 26 Feb 2022 06:01:13 +0530 Sat, 26 Feb 2022 06:01:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10294 The Bill reduces the GST interest rate for wrongful availment or utilisation of input tax credit to 18% retrospectively and aligns central, integrated and union territory provisions. It retrospectively exempts GST on unintended waste from fish meal production (excluding fish oil) and retrospectively treats liquor licence fees as not constituting supply, across central, integrated and union territory GST; taxes already collected for the retrospective periods will not be refunded. Articles Goods and Services Tax - GST Sat, 26 Feb 2022 06:01:13 +0530 https://www.taxtmi.com/article/detailed?id=10294