Notification No. 28/2021 – Central Tax

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Notification No. 28/2021 – Central Tax: Seeks to waive penalty payable for non-compliance of provisions of Notification No. 14/2020 dated 21st March, 2020

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

G.S.R……(E).- In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), the Government, on the recommendations of the Council, and in supersession of notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 89/2020 – Central Tax, dated the 29^th November, 2020, published in the Gazette of India,

Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 745(E), dated the 29^th November, 2020, except as respects things done or omitted to be done before such supersession,

hereby waives the amount of penalty payable by any registered person under section 125 of the said Act for non-compliance of the provisions of notification No.14/2020 – Central Tax, dated the 21st March, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 197(E), dated the 21st March, 2020, between the period from the 1^st day of December, 2020 to the 30^th day of September, 2021.

(Rajeev Ranjan)
Under Secretary to the Government of India

📚 Frequently Asked Questions (FAQs): Notification No. 28/2021 – Central Tax

Q1: What does Notification No. 28/2021 – Central Tax specify?

Answer:
It waives the penalty payable for non-compliance with the provisions of Notification No. 14/2020 dated 21st March 2020.

Q2: Why was Notification No. 28/2021 introduced?

Answer:
The notification was introduced to provide relief to taxpayers who failed to comply with the requirements of Notification 14/2020, thereby reducing their financial burden.

Q3: Which taxpayers benefit from this waiver of penalty?

Answer:
All taxpayers who could not comply with Notification No. 14/2020 within the specified timelines are eligible for the penalty waiver.

Q4: Does the waiver mean that compliance requirements are removed?

Answer:
No ❌. The compliance obligations remain, but the penalty for delay or non-compliance has been waived to provide relief.

Q5: How does this notification relate to earlier updates?

Answer:
It directly connects to Notification 14/2020, which had imposed compliance conditions. Now, Notification 28/2021 provides relief by waiving the penalties linked to it.

Q6: What is the effective benefit of this waiver for businesses?

Answer:
Businesses can avoid unnecessary penalties and focus on proper GST compliance. For expert assistance, you can consult GST Professionals at Finodha.