https://www.taxtmi.com/article/detailed?id=12987 Finance (No. 2) Act, 2024 provisions notify staggered commencements (27.09.2024 and 01.11.2024) introducing substantive CGST/IGST/UTGST/Compensation Cess amendments: retrospective relaxation of input tax credit time-limits for initial GST years; limitation of certain assessment and determination provisions to periods up to FY 2023-24; empowerment to regularise non-levy or short-levy arising from trade practices; reduced pre-deposit requirements for appeals; conditional waiver mechanisms for interest and penalty; and procedural changes covering reverse charge invoicing, registration revocation, records, electronic returns by TDS deductors and refund restrictions for zero-rated goods subject to export duty. en-us Fri, 04 Oct 2024 08:28:48 +0530 Fri, 04 Oct 2024 08:28:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12987 Finance (No. 2) Act, 2024 provisions notify staggered commencements (27.09.2024 and 01.11.2024) introducing substantive CGST/IGST/UTGST/Compensation Cess amendments: retrospective relaxation of input tax credit time-limits for initial GST years; limitation of certain assessment and determination provisions to periods up to FY 2023-24; empowerment to regularise non-levy or short-levy arising from trade practices; reduced pre-deposit requirements for appeals; conditional waiver mechanisms for interest and penalty; and procedural changes covering reverse charge invoicing, registration revocation, records, electronic returns by TDS deductors and refund restrictions for zero-rated goods subject to export duty. Articles Goods and Services Tax - GST Fri, 04 Oct 2024 08:28:48 +0530 https://www.taxtmi.com/article/detailed?id=12987