CBIC Introduces New Rule 164 for Waiver of Interest and Penalties in GST Proceedings

Last updated: 10 October 2024


The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 20/2024 Central Tax on October 8, 2024, which brings new changes under Rule 164 of the GST rules, effective from November 1, 2024. This new rule outlines the procedure and conditions for closure of proceedings under
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.


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