53RD COUNCIL MEETING
This query is : Resolved
Suresh S. Tejwani
(Querist)
15 July 2024
In 53rd GST Council meeting held in 2024 it is decided to waive interest and penalty whether it will applicable to show cause notice or DRC-07 order?? or both ??
Dhirajlal Rambhia
(Expert)
17 July 2024
New Section 128A: GST Council has waived interest and penalties for demand notices issued u/s 73 of CGST (applicable for fiscal years 17-18, 18-19 and 19-20) for cases not involving fraud, suppression and misstatement. It is applicable to cases where the taxpayer pays the full amount in the notice by 31st Mar 2025.
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