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    <title>RECENT DEVELOPMENTS IN GST</title>
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    <description>States have authority to regulate and tax industrial alcohol as intoxicating liquor, permitting state excise and VAT alongside GST consequences. A corrigendum narrows the RCM renting entry to &quot;immovable property&quot; for commercial rentals by unregistered suppliers to registered recipients. New CGST provisions restrict refunds where tax was paid or ITC reversed for contraventions of section 16(4), but do not bar refunds of pre deposits made for appeals. GSTN has implemented bank account validation, metal scrap registration guidance, and a three year filing bar for certain returns.</description>
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    <pubDate>Fri, 08 Nov 2024 13:02:43 +0530</pubDate>
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