https://www.taxtmi.com/article/detailed?id=12869 Finance (No. 2) Act, 2024 effectuates comprehensive amendments to the CGST framework, altering levy scope, the composition scheme, time of supply, eligibility and restrictions for Input Tax Credit, registration cancellation and revocation, invoicing and return obligations, utilization of credit, interest and penalty regimes, TDS under GST, refunds and transitional ITC, while introducing new provisions for tax determinations, conditional waiver of interest and penalty, and clarifying treatment of insurance premiums; administrative guidance urges policy referrals where audits implicate established trade practices to promote uniformity and reduce litigation. en-us Sat, 24 Aug 2024 10:29:39 +0530 Sat, 24 Aug 2024 10:29:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12869 Finance (No. 2) Act, 2024 effectuates comprehensive amendments to the CGST framework, altering levy scope, the composition scheme, time of supply, eligibility and restrictions for Input Tax Credit, registration cancellation and revocation, invoicing and return obligations, utilization of credit, interest and penalty regimes, TDS under GST, refunds and transitional ITC, while introducing new provisions for tax determinations, conditional waiver of interest and penalty, and clarifying treatment of insurance premiums; administrative guidance urges policy referrals where audits implicate established trade practices to promote uniformity and reduce litigation. Articles Goods and Services Tax - GST Sat, 24 Aug 2024 10:29:39 +0530 https://www.taxtmi.com/article/detailed?id=12869