Goods and Services Tax (GST): Section 128A which was announced in Budget 2024 provides relief to GST registered taxpayers who have a pending section 73 tax notice. "The payment of tax required to be made for eligibility for waiver under section 128A is the amount of tax demanded in the notice. It can be paid either by debiting from the electronic cash ledger or by utilising the Input Tax Credit (ITC), by debiting the electronic credit ledger, or partly from both.
