GST Update – Section 128A: Waiver of Interest & Penalty

Taxpayers receiving demand notices under Section 73 for FY 2017-18, 2018-19, and 2019-20 can avail a waiver of interest & penalties by paying the full tax demand by 31st March, 2025.

Exclusion: Those who already paid interest & penalty.

Eligible: Contested demand pending at the appellate stage and those who will pay full tax by 31st March, 2025.

Section 74 Cases: If the appellate authority rules out fraud/suppression, the case shifts to Section 73, making waiver applicable.

Action Required: 
(i) Last date to make the payment : 31st March, 2025
(ii) Last date to file waiver application: 30th June, 2025

Ensure to make the payment by 31st March, 2025 to avail the benefit of this scheme.

Attached herewith is the FORM SPL - 02 [waiver application] to be filed by 30th June, 2025 for waiver of interest and penalty.

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