- The GST administration is promoting an Amnesty Scheme for taxpayers to settle pending tax obligations before the end of March, targeting outstanding GST disputes from Financial Years 2017-2020.
- Taxpayers can clear their dues by paying only the primary tax amount, receiving full exemption from penalties and interest charges if they adhere to the scheme’s requirements.
- The scheme also applies to situations involving formal orders issued by proper officers, allowing for a broader resolution of outstanding issues.
Source A2ztaxcorp
Latest Posts in "India"
- Madras HC Advocate Accuses Flipkart of Exploiting GST Loopholes, Urges Government Action
- India’s GST Evolution: From 2017 Launch to 2025 Reforms and Future Prospects
- US imposes additional tariffs on India for buying oil from Russia
- GST Council to Discuss Simplifying Tax Regime, Reducing Levies on Cement, Services, and Insurance
- GST Council to Discuss Moving Food, Textile Products to 5% Tax Bracket in September Meeting