https://www.taxtmi.com/article/detailed?id=12914 The Council recommended insertion and notification of Section 128A with Rule 164 and associated forms to allow waiver of interest and penalty where tax is paid by a notified date, accompanied by circulars explaining eligibility. It also proposed special rectification procedures for orders denying ITC where new Sections 16(5) and 16(6) render ITC available, prospective omission of select sub rules in Rules 89 and 96 to facilitate IGST refunds on exports following reassessed imports, and issuance of clarifications and notifications to operationalize these measures. en-us Thu, 12 Sep 2024 10:39:49 +0530 Thu, 12 Sep 2024 10:39:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12914 The Council recommended insertion and notification of Section 128A with Rule 164 and associated forms to allow waiver of interest and penalty where tax is paid by a notified date, accompanied by circulars explaining eligibility. It also proposed special rectification procedures for orders denying ITC where new Sections 16(5) and 16(6) render ITC available, prospective omission of select sub rules in Rules 89 and 96 to facilitate IGST refunds on exports following reassessed imports, and issuance of clarifications and notifications to operationalize these measures. Articles Goods and Services Tax - GST Thu, 12 Sep 2024 10:39:49 +0530 https://www.taxtmi.com/article/detailed?id=12914