New GST amnesty scheme notified: Waiver of interest and penalty on GST tax demand for eligible taxpayers to be effective from November 1, 2024

Waiver of GST tax demand interest and penalty: The Ministry of Finance has notified the rules and conditions to follow if you need to use 128A for waiver of your GST tax demand notice's interest and penalty component. Do note that this new section 128A will only apply on section 73 non-fraud GST demand notices.