CBIC Notifies Waiver Procedure for Interest and Penalty on Tax Demands u/s 73 of CGST Act for FY 2017-2020

Last updated: 09 October 2024


In a significant relief for taxpayers facing tax demands from prior financial years, the Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 21/2024Central Tax dated October 8, 2024, outlining the procedure and conditions for the waiver of interest, penalty, or both, in re
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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