NVCC an apex trade body informed that the GST Council in its 53rd meeting has provided for GST Amnesty scheme for waiver of interest and penalty for the initial years of GST Implementation i.e. FY 2017-18, 2018-19 2019-20. A new section 128A as been inserted in the CGST Act 2017 to give this relief in interest Penalty for taxpayers. The scheme populates that in case a taxpayer who has a GST demand raised for these initial years has paid 100% tax amount, the corresponding interest penalty shall
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