Central Government notifies special procedure for rectification of orders issued u/ss 73, 74, 107, 108...

Central Government notifies special procedure for rectification of orders issued u/ss 73, 74, 107, 108 confirming demand for wrong availment of input tax credit. Registered persons against whom such orders have been issued can file application electronically within six months for rectification if input tax credit is now available u/s 16(5) or 16(6), provided no appeal is pending. Application to include details of demand confirmed and eligible credit. Proper officer to decide on application and issue rectified order within three months. Rectification allowed only for credit wrongly denied u/s 16(4) but now admissible under 16(5) or 16(6). Principles of natural justice to be followed if rectification adversely affects the person. Prescribed proforma for filing application with declaration and verification. .....

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