Big Relief on GST, No need to pay Interest & Penalty
From 01-11-24, new section 128A is applicable that provides some relief to individuals and companies registered under GST.
This relief which is conditional wavier scheme, allows total wavier of INTEREST and PENALTY for specified non-fraudulent GST DEMAND notices related to F.Y 2017-18 to 2019-20.
You still need to pay the tax demand amount and waives off the Interest and Penalty amount.