GSTnews item6 April 2023
CBIC waives penalty, interest fee on account of technical glitch
News Update
CBIC waives penalty, interest fee on account of technical glitch
The Central Board of Indirect Taxes and Customs (CBIC) has waived the entire interest payable for the period between April 1 and April 10 to importers on account of challenges owing to technical glitch linked to the electronic cash ledger (ECL). The Central Board of Indirect Taxes and Customs (CBIC) has decided to enable Electronic Cash Ledger (ECL) in phases for importers and exporters effective April 1. However the importers faced some difficulties in making payment. After receiving complaints from importers, the Goods and Services Tax Network (GSTN), the revenue secretary conducted a meeting asking the technology provider to fix the glitch.
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