Payment of reduced Penalty
Payment of reduced Penalty now available on GST Portal
Source: Tweeter GST Tech
Payment of reduced penalty now available on GST Portal as tweeted on GST Tech. According to the tweet, the demand created under section 74 of the CGST Act will be reduced.
In case Demand ID is created under Section 74 of the CGST Act, 2017. The GST Portal now allows reduced payment towards penalty, as per law.
A message is shown to the user, about the reduction in the amount of penalty mentioned in the order. If he makes the payment within 30 days from the date of communication of the order and he is making full payment of tax and interest, stated in the order.
In such case, penalty amount can be paid up to 50% of the amount stated in the order and the balance of 50% of the penalty is waived off.
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