https://www.taxtmi.com/article/detailed?id=12817 A new Section 6A permits the Government, on Council recommendation and by notification, to direct non-recovery of integrated tax where a generally prevalent practice resulted in non-levy or short-levy; Section 5 now expressly exempts undenatured extra neutral alcohol or rectified spirit used in manufacture of alcoholic liquor for human consumption from IGST; Section 16 is amended to allow notified classes of persons or goods to make zero-rated supplies on payment with refund recourse while barring refunds of unutilized input tax credit or tax paid where such zero-rated supplies of goods are subject to export duty; appellate monetary thresholds under applied CGST provisions are reduced. en-us Wed, 24 Jul 2024 16:32:56 +0530 Wed, 24 Jul 2024 16:32:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12817 A new Section 6A permits the Government, on Council recommendation and by notification, to direct non-recovery of integrated tax where a generally prevalent practice resulted in non-levy or short-levy; Section 5 now expressly exempts undenatured extra neutral alcohol or rectified spirit used in manufacture of alcoholic liquor for human consumption from IGST; Section 16 is amended to allow notified classes of persons or goods to make zero-rated supplies on payment with refund recourse while barring refunds of unutilized input tax credit or tax paid where such zero-rated supplies of goods are subject to export duty; appellate monetary thresholds under applied CGST provisions are reduced. Articles Goods and Services Tax - GST Wed, 24 Jul 2024 16:32:56 +0530 https://www.taxtmi.com/article/detailed?id=12817