GSTN Issues Waiver Scheme Under Section 128A

The GST Network (GSTN) has announced a waiver scheme under Section 128A to provide relief to taxpayers facing interest and penalties on late GST filings. The scheme aims to encourage compliance by reducing the financial burden on taxpayers who have experienced difficulties meeting filing deadlines. The article explains the eligibility criteria for the waiver, the process for applying, and the timeline for availing of the benefits. This initiative is part of the government's ongoing efforts to streamline the GST regime and support taxpayers in fulfilling their obligations. The waiver scheme is expected to enhance compliance rates and reduce litigation related to late filings.