Section 128 of CGST Act, 2017 – Power to Waive Penalty or Fee or Both
Section 128 of CGST Act, 2017 – Power to Waive Penalty or Fee or Both Act: Central Goods and Services Tax Act, 2017 Chapter: XIX – Offences and Penalties Section Covered: Section 128 Effective From: 01st July 2017 (Subsequently amended) 🔎 Introduction Section 128 of the CGST Act, 2017 empowers the Government , on the recommendations of the GST Council , to waive, either fully or partially, any penalty, late fee, or both payable under the CGST Act. This provision enables the Government to provide relief to taxpayers in deserving circumstances, particularly where widespread procedural defaults, technical issues, or exceptional situations warrant relaxation. Such waivers are generally notified through Official Notifications and are applicable only to the class of taxpayers or periods specified therein. Section 128 reflects the Government's commitment to promoting voluntary compliance while ensuring that taxpayers are not unduly burdened by penalties or late fees in gen...