Gist of CBIC notifications issued dated 08.10.2024 Notification No. 21/2024–Central Tax   This notification details the procedure and conditions for waiving interest or penalties regarding tax demands under Section 73 of the CGST Act for the financial years 2017 to 2020, as per Section 128A.   Notification No. 22/2024–Central Tax   The CBIC specifies the mechanism for the implementation of newly inserted subsections (5) and (6) in Section 16 of the CGST Act. To clarify the conditions under which input tax credit (ITC) can be availed- 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-se...