Chapter XIX (Sections 122-138) of the Central Goods and Services Tax (CGST) Act, 2017 deals with provisions related to offences and penalties. Section 128 of Central Goods and Services Tax Act, 2017 (12 of 2017) provides for Power to impose penalty in certain cases under CGST Act 2017.
Recently, we have discussed in detail section 127 (i.e. Power to impose penalty in certain cases) of CGST Act 2017. Today, we learn the provisions of section 128 of the CGST Act 2017. Complete Details of CGST Section 128 – Power to waive penalty or fee or both. You may CLICK HERE to download list of all sections of CGST Act 2017 in PDF format.
Notes on Section 128 of CGST Act 2017
Section 128 of CGST Act 2017 shall come into force on 01.07.2017 vide Notification No. 9/2017 – Central Tax, G.S.R. 658(E), dated 28.06.2017. In this note, you will learn detail of the provisions of section 128 of CGST Act 2017 read with Central GST Rules 2017.
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.