How the GST Council aims to address retrospective tax demands via Section 11A

The GST Council on Saturday, June 22, paved the way for the industry to seek relief from retrospective demands. Due to a lack of clarity, the industry has been paying taxes at a rate different from what the government later prescribed in clear terms. The GST Council approved amendments to the Goods and Services Tax (GST) law, including a new section 11A. These amendments are likely to be introduce…