
The Ministry of Finance has introduced a new GST Amnesty Scheme, effective from November 1, 2024, granting eligible taxpayers a conditional waiver of interest and penalties on GST demand notices issued under Section 73 for the financial years 2017-18, 2018-19, and 2019-20. This scheme applies only to non-fraudulent cases.
Eligibility Criteria
Only taxpayers who have received GST demand notices under Section 73 for non-fraudulent errors from FY 2017-18 to 2019-20 are eligible. The scheme covers the waiver of interest and penalties but not the tax demand itself, which must still be paid.
Application Process
Eligible taxpayers can apply for the waiver by submitting Form GST SPL-01 for notices or Form GST SPL-02 for orders through the GST common portal. Payments must be made via Form GST DRC-03. If an appeal or writ petition has been filed, it must be withdrawn before filing these forms.
Key Deadlines
Payments towards tax demands must be completed by March 31, 2025, and forms must be submitted by June 30, 2025. In cases involving appeals, additional forms may need to be uploaded within one month of withdrawal.
Compliance and Procedure
The procedure involves careful filing of forms to avoid further litigation. The proper officer will review the application and may issue a notice if the waiver request is ineligible. Taxpayers can respond within a month if their application is rejected.