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of <h1>Section 128A: Waiver of Interest and Penalties for Tax Demands if Paid by Deadline; Conditions Apply</h1> Section 128A of the Central Goods and Services Tax Act, 2017 allows for the waiver of interest and penalties for tax demands under section 73 for periods between July 1, 2017, and March 31, 2020. If the taxpayer pays the full tax amount by a government-notified date, proceedings are concluded without interest or penalties, subject to conditions. Exceptions include erroneous refunds and pending appeals or writs not withdrawn. If interest and penalties were already paid, no refund is available. The provision was inserted by the Finance (No. 2) Act, 2024, effective November 1, 2024.
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