GST UPDATE

???? CA. Praveen Sharma Ki Desk Se ?????

Draft Reply Request for Waiver of Interest and Penalty Under Section 128A

?We are writing in reference to Order No.___ dated ___ passed under Section 73 of the CGST Act, 2017, resulting in the imposition of tax, interest, and penalty. 

?We respectfully bring to your attention Section 128A of the CGST Act, which allows the waiver of interest and penalties in certain genuine cases. The provision was introduced to provide relief for taxpayers who acted in good faith and encountered inadvertent errors.

?In our case, the demand arose from a bona fide error, not an intentional tax evasion. We kindly request you to consider waiving the interest and penalty based on Section 128A. 

?While we understand that the implementation requires a notification from the Government, we are hopeful that it will be applied retroactively to genuine cases like ours.

?We remain committed to full compliance with the law and look forward to your favorable consideration of our waiver request.

CA. Sharma Praveen

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