In this informative video, CA Bhavesh Jhalawadia explains the proposed insertion of Section 128A in the CGST Act, aimed at addressing issues faced by taxpayers during the initial years of GST implementation. Understand the key aspects of this new proposal by the GST Council, including the waiver of interest and penalties for fiscal years 2017-18, 2018-19, and 2019-20.

Key Points Covered:

Introduction to Section 128A in the CGST Act
Waiver of interest and penalties on demand notices under Section 73 for FY 2017-18 to FY 2019-20
Conditions for availing the waiver
Exclusions related to erroneous refunds
Important deadline: March 31, 2025, for paying the full tax amount to benefit from the waiver
GST update, Section 128A CGST Act, waiver of interest and penalty, GST demand notice waiver, CGST Act 2017-18, GST Council proposal, interest and penalty waiver GST, fiscal year 2017-18 GST, fiscal year 2018-19 GST, fiscal year 2019-20 GST, tax demand notice waiver, GST erroneous refunds, GST implementation issues, CA Bhavesh Jhalawadia

свернуть