Notification No. 22/2024 – Central Tax dated 08.10.2024
- Issued By: Ministry of Finance (Central Board of Indirect Taxes and Customs)
- Subject: Special procedure for rectification of orders under Section 148 of the Central GST Act, 2017.
- Key Details:
This notification outlines a procedure for rectification of orders related to the wrong availment of input tax credit (ITC) due to a violation of sub-section (4) of Section 16.
Taxpayers must apply for rectification electronically within six months from the issuance date of this notification if the ITC is now eligible under sub-sections (5) or (6) of Section 16. Along with application also need to upload Annexure A.
The concerned officer will review the application and, if necessary, issue a rectified order within three months (as far as possible).
Rectified order will be passed in Form GST DRC 08, in cases where orders are issued under section 73 or74. Rectified orders will be passed in For GST APL 04, in cases where the orders are issued by the Appellate Authority.
The rectification applies only to ITC demands wrongly availed earlier but are now eligible.