Quick Summary
The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 20/2024 Central Tax on October 8, 2024, which brings new changes under Rule 164 of the GST rules, effective from November 1, 2024. This new rule outlines the procedure and conditions for closure of proceedings under Section 128A related to demands raised under Section 73, allowing taxpayers to apply for waiver of interest or penalty. Key Highlights Electronic Applications: Taxpayers can file applications fo
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FAQ :
Rule 164 is a new rule introduced by the CBIC that outlines the procedure and conditions for taxpayers to apply for the waiver of interest and penalties on GST demands.
Rule 164 is effective from November 1, 2024.
Taxpayers can file applications electronically using FORM GST SPL-01 or FORM GST SPL-02, depending on their specific case.
Applications must be filed within three to six months from the date notified under Section 128A, with the exact period depending on the specific case.
Taxpayers must have had notices, statements, or orders issued under Section 128A and must provide proof of withdrawal of any appeals or writ petitions.
If no order is issued by the proper officer within the specified time, the application will be automatically approved, and the proceedings will be considered closed.
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