https://www.taxtmi.com/article/detailed?id=16711 Section 74(5) of the CGST Act creates a statutory pre-notice settlement option allowing payment of tax, interest and a reduced 15% penalty before service of notice under Section 74(1). Form GST DRC-01A is the communication mechanism through which the proposed demand is conveyed before the show-cause notice stage, and the absence of that intimation cannot be used to deprive the taxpayer of the statutory benefit where the right is timely invoked. Rule 142(1A) must be read harmoniously with the parent Act so that the word "may" does not defeat a substantive right created by legislation. en-us Sat, 20 Jun 2026 08:07:33 +0530 Sat, 20 Jun 2026 08:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16711 Section 74(5) of the CGST Act creates a statutory pre-notice settlement option allowing payment of tax, interest and a reduced 15% penalty before service of notice under Section 74(1). Form GST DRC-01A is the communication mechanism through which the proposed demand is conveyed before the show-cause notice stage, and the absence of that intimation cannot be used to deprive the taxpayer of the statutory benefit where the right is timely invoked. Rule 142(1A) must be read harmoniously with the parent Act so that the word "may" does not defeat a substantive right created by legislation. Articles Goods and Services Tax - GST Sat, 20 Jun 2026 08:07:33 +0530 https://www.taxtmi.com/article/detailed?id=16711