Section 128 of CGST Act 2017: Power to Waive Penalty or Fee or Both

Provisions under Section 128 of the Central Goods and Services Tax (CGST) Act, 2017 relating to “Power to Waive Penalty or Fee or Both”, are as under:

Section 128 of CGST Act 2017: Power to Waive Penalty or Fee or Both (CHAPTER XIX – OFFENCES AND PENALTIES)

The Government may, by notification, waive in part or full, any penalty referred to in section 122 or section 123 or section 125 or any late fee referred to in section 47 for such class of taxpayers and under such mitigating circumstances as may be specified therein on the recommendations of the Council.

Amendments History:

1. CBEC notifies 01/07/2017 as the Commencement date for Section 128 of the CGST Act 2017, vide Central Tax Notification 9/2017 dt. 28/06/2017.

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GSTR 3B Late Fee Amnesty Scheme

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Note: The CGST Act 2017 has been notified vide GOI Notification dt. 12/04/2017, which has subsequently been amended through CGST (Extension to J&K) Act 2017, Finance Act 2018, CGST Amendment Act 2018, Finance Act 2019, Finance Act 2020, Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance 2020, Finance Act 2021, Finance Act 2022 including various Notifications issued by the Govt./ CBIC from time to time, relating to the commencement dates of various Sections/ Provisions in the respective CGST/ Amendment Acts, wherever required. Information on this page is a Section-wise compilation of Amendments made by all such Notifications, with best possible efforts for accuracy. In any case, E&OE. For official/ updated information, please visit CBIC website.