CBIC drafts rules for GST provision allowing waiver of past tax dues of industry

The Central Board of Indirect Taxes and Customs (CBIC) is drafting rules to operationalise Section 11A of the CGST Act, a provision that allows the government, on the GST Council's recommendation, to waive tax dues for an industry in exceptional cases, according to two government sources familiar with the matter. "We are in the process of framing rules. Once framed, the Council and the CBIC may in…