- The GST Amnesty Scheme provides a waiver of interest or penalty for past GST-related disputes.
- The scheme applies to taxpayers who received notices or orders under Section 73 of the Goods and Services Act, 2017 for FY 2017-18 to FY 2019-20.
- The scheme excludes interest or penalty for delayed filing of returns, cases where interest or penalty has already been paid, cases with ongoing appeals, cases involving recovery of erroneously sanctioned refunds, and demands of integrated tax charged on imported goods.
- To avail the scheme, taxpayers must pay the full amount of tax demanded by 31 March 2025 and withdraw any appeals or petitions.
- The scheme encourages taxpayers to regularize GST defaults without hefty interests and penalties.
- Taxpayers can pay the tax demand in cash or credit, subject to certain exceptions.
- The scheme requires full payment of the outstanding tax demand, with no room for partial payments or disputes.
- The last date to pay the disputed tax amount is 31 March 2025.
- The last date to file an application for waivers is 30 June 2025.
- For notices or orders under Section 74, applications can be filed within 6 months of the communication of the order under Section 73.
- The scheme raises questions about the admissibility of input tax credit on GST liability paid under the scheme and the procedural challenges for ongoing GST litigation not reflected on the GST Portal.
Source: roedl.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
