Hai..
it was found that in 53rd gst council meet outcomes, there is a waiver for interest and penalty if the demand was settled for 17-18 and 18-19 cases on or before 31-mar-25,
what will be the treat if the interest and penalty already paid?
In the 53rd GST meeting, it was decided to waive interest and penalties up to March 31, 2020. However, no clarification were made regarding the treatment of interest or penalties already paid. Therefore, in my opinion, there is no action required concerning amounts already deposited.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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