Ministry of Finance has issued Notification No. 21/2024 under the Central Goods and Services Tax Act, 2017, which establishes payment deadlines for registered persons in relation to tax notices, statements, or orders. Registered individuals who receive such communications can make tax payments without incurring interest or penalties until March 31, 2025. Additionally, for registered persons notified under section 74, the payment deadline extends to six months following the issuance of a re-determination order by the appropriate officer. This notification will take effect on November 1, 2024, providing clarity on compliance and deadlines for those affected.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
New Delhi
Notification No. 21/2024–Central Tax | Dated: 8th October, 2024
S.O. 4372(E).— In exercise of the powers conferred by sub-section (1) of section 128A of the Central Goods and Services Tax Act, 2017 (12 of 2017) (the said Act), the Central Government, on the recommendations of the Council, hereby notifies the respective date specified in Column (3) of the Table below, as the date upto which payment for the tax payable as per the notice, or statement, or the order referred to in clause (a) or clause (b) or clause (c) of the said section, as the case may be, can be made by the class of registered person specified in the corresponding entry in column (2) of the said Table, namely:–
TABLE
| Sl. No. | Class of registered person | Date upto which payment for the tax payable as per the notice or statement or the order referred to in clause (a) or clause (b) or clause (c) of section 128A of the said Act, as the case may be, can be made for waiver of interest, or penalty, or both, under the said section. |
| (1) | (2) | (3) |
| 1 | Registered persons to whom a notice or statement or order, referred to in clause (a) or clause (b) or clause (c) of section 128A of the said Act, has been issued. | 31.03.2025 |
| 2 | Registered persons to whom a notice has been issued under sub-section (1) of section 74, in respect of the period referred to in sub-section (1) of section 128A of the said Act, and an order is passed or required to be passed by the proper officer in pursuance of the direction of the Appellate Authority, or Appellate Tribunal, or a court, in accordance with the provisions of subsection (2) of section 75, for determination of the tax payable by such person, deeming as if the notice were issued under sub-section (1) of section 73 of the said Act. | Date ending on completion of six months from the date of issuance of the order by the proper officer re-determining tax under section 73 of the said Act. |
2. This notification shall come into effect from the 1st day of November, 2024.
[F. No. CBIC-20006/20/2023-GST]
RAGHAVENDRA PAL SINGH, Director
Sir, In regard to notification no.21/2024 CGST what is the tax period for which this notification is applicable? Is it applicable to FY 2020-21?