Notification No. 21/2024 – Central Tax dated 08.10.2024
- Issued By: Ministry of Finance (Central Board of Indirect Taxes and Customs)
- Subject: Procedure under Section 128A of the Central GST Act, 2017.
- Key Details:
The Central Government, upon the Council’s recommendations, has notified a specific date by which registered taxpayers can pay the due taxes as per the notices or orders issued under Section 128A.
The notification specifies that taxpayers who have received such notice or statement or order under section 73, can make payments of tax until March 31, 2025, for waiver of interest and penalty.
- For cases where notice has been issued under section 74(1) and an order is passed or is required to be passed by the proper officer in pursuance of the direction of the Appellate Authority or Appellate Tribunal or a Court, deeming as if the notice were issued under section 73(1)- the deadline is six months from the issuance of the redetermination order.
- The Notification will come into effect from 1st November 2024.