Section 11A In CGST Act: Government Empowered To Address GST Shortfalls From Common Trade Practices

I.          Introduction The 53rd GST Council Meeting introduced a noteworthy recommendation: the insertion of Section 11A in the Central Goods and Services Tax (CGST) Act. This new section aims to grant the government the power to regularize instances of non-levy or short-levy of GST due to prevailing general trade practices. This development has significant implications…