New Guidelines on Early GST Recovery Proceedings: Ensuring Fairness and Compliance

INSTRUCTION NO. 1/2024- GST [F.NO. CBIC-20016/9/2024-GST/583…GUIDELINES FOR INITIATION OF RECOVERY PROCEEDINGS BEFORE THREE MONTHS FROM THE DATE OF SERVICE OF DEMAND ORDERINSTRUCTION NO. 1/2024- GST [F.NO. CBIC-20016/9/2024-GST/583], DATED 30-5-2024Attention is invited to sub-section (1) of section 79 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the ‘CGST Act’), which provides that where any amount payable by a person to the Government under any of the provisions of CGST Act or Rules made thereunder is not paid,...

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