https://www.taxtmi.com/forum/issue?id=119062 RCM liability for FY2018-19 was paid late at annual filing; a show-cause notice now demands interest under Section 50 and penalty under Section 73(11). Key defenses include paying interest promptly and seeking penalty relief, challenging SCN validity on procedural grounds, arguing for proportional reduction of penalty given low quantum, and reliance on a proposed statutory waiver mechanism (Section 128A) allowing conditional waiver of interest and penalties for past fiscal years if tax is paid within prescribed timelines. en-us Tue, 09 Apr 2024 14:00:58 +0530 Fri, 24 Jan 2025 10:40:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119062 RCM liability for FY2018-19 was paid late at annual filing; a show-cause notice now demands interest under Section 50 and penalty under Section 73(11). Key defenses include paying interest promptly and seeking penalty relief, challenging SCN validity on procedural grounds, arguing for proportional reduction of penalty given low quantum, and reliance on a proposed statutory waiver mechanism (Section 128A) allowing conditional waiver of interest and penalties for past fiscal years if tax is paid within prescribed timelines. Discussion-Forum GST Tue, 09 Apr 2024 14:00:58 +0530 https://www.taxtmi.com/forum/issue?id=119062