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TMI BlogSeeks to notify the special procedure under section 148 of the MGST Act for rectification of demand orders issued for contravention of section 16(4) of the said Act.X X X X Extracts X X X X X X X X Extracts X X X X ..... e recommendations of the Council, hereby notifies the following special procedure for rectification of order, to be followed by the class of registered persons (hereinafter referred to as the said person), against whom any order under section 73 or section 74 or section 107 or section 108 of the said Act has been issued confirming demand for wrong availment of input tax credit, on account of contravention of provisions of sub-section (4) of section 16 of the said Act, but where such input tax credit is now available as per the provisions of sub-section (5) or sub-section (6) of section 16 of the said Act, and where appeal against the said order has not been filed, namely : 2. The said person shall file, electronically on the common portal, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ct is made. 6. The rectification is required to be made only in respect of demand of such input tax credit which has been alleged to be wrongly availed in contravention of provisions of sub-section (4) of section 16 of the said Act, but where such input tax credit is now available as per the provisions of sub-section (5) or sub-section (6) of the said section 16. 7. Where such rectification adversely affects the said person, the principles of natural justice shall be followed by the authority carrying out such rectification. 8. This notification shall come into force with effect from the 8th day of October, 2024. ANNEXURE-A Proforma to be uploaded by the registered person along with the application for rectification of order under special p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 18-19 2019-20 2020-21 2021-22 2022-23 Total 4. Declaration: 1. I undertake that, no appeal under section 107 or section 112 of the said Act is pending against the order against which this rectification application is filed. 2. I declare that all information provided by me is accurate and truthful. I understand that any incorrect declaration or suppression of facts will render this application void and may lead to recovery proceedings for the outstanding dues along with applicable interest and penalties. 5. Verification: I________________ (name of the authorised signatory), hereby declare that the information provid ed above is true and correct to the best of my knowledge and belief. I understand that any incorrect declaration or suppression ..... X X X X Extracts X X X X X X X X Extracts X X X X
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