https://www.taxtmi.com/article/detailed?id=12927 A newly enacted Section 128A with a proposed Rule 164 establishes a waiver mechanism for interest and penalty to reduce GST litigation; the GST Council approved regularization of past non compliances on an "as is where is" basis, recommended reverse charge treatments and rate/exemption changes across sectors, and GSTN will implement an Invoice Management System requiring recipients to accept invoices for inclusion in GSTR 2B, with "no action" treated as deemed acceptance. en-us Mon, 16 Sep 2024 08:00:50 +0530 Mon, 16 Sep 2024 08:00:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12927 A newly enacted Section 128A with a proposed Rule 164 establishes a waiver mechanism for interest and penalty to reduce GST litigation; the GST Council approved regularization of past non compliances on an "as is where is" basis, recommended reverse charge treatments and rate/exemption changes across sectors, and GSTN will implement an Invoice Management System requiring recipients to accept invoices for inclusion in GSTR 2B, with "no action" treated as deemed acceptance. Articles Goods and Services Tax - GST Mon, 16 Sep 2024 08:00:50 +0530 https://www.taxtmi.com/article/detailed?id=12927