n the 53rd GST council meet held on Saturday, the government decided to exempt both penalty and interest provided they pay the principal tax demand by March 31, 2025. The notices covered under this exemption are for tax escaped during the period between FY18 and FY20. The exemption will only apply to cases where there was tax shortfall and doesn’t cover the cases which involve fraud or misstatements like fake Input Tax Credit (ITC) claims
