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of <h1>Taxpayers Can Waive Interest and Penalties for 2017-2020 Tax Demands under Section 128A with Specific Compliance Steps</h1> Here is a concise summary of the circular:The circular provides detailed guidance on implementing Section 128A of the CGST Act, which offers a waiver of interest or penalty for tax demands related to financial years 2017-18, 2018-19, and 2019-20. Taxpayers can apply for waiver by filing specific forms and paying the full tax demanded by a specified date. The process involves filing applications, making tax payments, and obtaining orders from tax officers. The waiver applies to demands under Section 73 for the specified years, with conditions such as withdrawing existing appeals and paying full tax. The circular also clarifies various implementation details, including eligibility, payment methods, and procedural requirements for availing the benefit.
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