Section 128 of CGST Act, 2017 : Section 128: Power To Waive Penalty Or Fee Or Both

Explanation using Example

Imagine a small business owner, Mrs. Sharma, who runs a boutique. Due to a family emergency, she was unable to file her monthly GST returns on time, resulting in a late fee as per section 47 of the CGST Act, 2017. Recognizing that situations like these can arise, the government, on the recommendations of the GST Council, issues a notification under section 128 of the CGST Act. This notification waives the late fee for small business owners who missed their filing deadline due to medical emergencies. Mrs. Sharma, fitting the criteria, applies for the waiver and is granted relief from the late fee, allowing her to allocate her limited resources to recovering her business rather than paying penalties.