WAIVER OF INTERST
This query is : Resolved
06 January 2025
HELLO, FOR 2017-18 gst and interest was deposited in ITC mismatch by DRC 03 and officer passed the order accepting same. Now question is whether interest portion can be claimed in u/s 128 for refund under waiver of interest and penalty scheme. Experts views are sought.
07 January 2025
This scheme explicitly states that no refunds will be made for interest and penalties already paid. Since you've already deposited the interest portion for the 2017-18 GST through DRC-03 and the officer has passed an order accepting it, you won't be eligible for a refund of the interest portion under the waiver scheme.
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