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<h1>New Section 128A in GST Act Allows Waiver of Interest for Timely Tax Payment from 2017-2020, Effective Nov 2024.</h1> Section 128A is introduced into the Central Goods and Services Tax Act, allowing for the waiver of interest and penalties on certain tax demands for the period from July 1, 2017, to March 31, 2020. If a taxpayer pays the full tax amount by a government-notified date, proceedings related to the demand are concluded, subject to prescribed conditions. The provision excludes cases involving erroneous refunds or pending appeals unless withdrawn. Once proceedings are deemed concluded, no appeals can be filed against the orders specified. This section becomes effective on November 1, 2024.