https://www.taxtmi.com/article/detailed?id=13033 Section 128A permits waiver of interest or penalty only where the taxpayer pays the full amount of tax demanded under a section 73 notice, statement or order and follows the procedure in Rule 164; partial payment is not permitted. The scheme requires submission of prescribed applications and payment within notified timelines, mandates deduction of amounts not payable under input tax credit rules before computing net tax payable, excludes interest on delayed return filing and certain other fees, and provides that failure to pay additional tax determined on appeal within three months voids the waiver. en-us Fri, 18 Oct 2024 10:42:02 +0530 Fri, 18 Oct 2024 10:42:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13033 Section 128A permits waiver of interest or penalty only where the taxpayer pays the full amount of tax demanded under a section 73 notice, statement or order and follows the procedure in Rule 164; partial payment is not permitted. The scheme requires submission of prescribed applications and payment within notified timelines, mandates deduction of amounts not payable under input tax credit rules before computing net tax payable, excludes interest on delayed return filing and certain other fees, and provides that failure to pay additional tax determined on appeal within three months voids the waiver. Articles Goods and Services Tax - GST Fri, 18 Oct 2024 10:42:02 +0530 https://www.taxtmi.com/article/detailed?id=13033