Note :
Rectification applications under Notification No. 22/2024-CT dated 08/10/2024 can be filed by taxpayers in cases where:
Orders have been issued for FY 2017-18, 2018-19, 2019-20, or 2020-21 under Sections 73, 74, 107, or 108.
Demand was raised or confirmed due to a violation of Section 16(4)
Hi Niyati,
Thanks for sharing this important update!
To summarize the key points on Rectification Applications under Notification No. 22/2024-CT dated 08/10/2024:
Taxpayers can file rectification applications only for certain past FYs:
2017-18
2018-19
2019-20
2020-21
Applicable only when orders were passed under these sections:
Section 73 (Demand and recovery in case of non-payment or short payment of tax)
Section 74 (Demand and recovery in case of fraud, willful misstatement)
Section 107 (Appeals to Appellate Authority)
Section 108 (Appeals to Appellate Tribunal)
The demand must have been raised or confirmed due to a violation of Section 16(4).
Section 16(4) is about reversal of input tax credit (ITC) in certain cases, e.g., when the supplier doesn’t pay the tax to the government.
If you have GST demands/orders relating to ITC reversal under Section 16(4) from the mentioned years and sections, you can now file rectification applications to correct or adjust those demands.
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