News & Media 17th Oct 2024
The Ministry of Finance has issued additional explanations and answers to common queries (FAQ) regarding the recently implemented section 128A concerning the GST Amnesty Scheme. This provision is designed to waive all outstanding interest and penalties for certain financial years, on the condition that the qualifying taxpayer settles their outstanding GST tax liability.
Against this backdrop, our Associate Partner Rinkey Jassuja talks to Neelanjit Das from The Economic Times in the story “Have a query about the new GST amnesty scheme for waiver of interest and penalty? CBIC releases FAQ and clarifications”.
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