The Goods and Services Tax (GST) Amnesty Scheme 2024, effective from November 1, 2024, offers relief to taxpayers by waiving interest and penalties for specific tax periods. This initiative aims to encourage compliance and reduce litigation related to past GST dues.
Key Features of the GST Amnesty Scheme 2024:

Key Features of the GST Amnesty Scheme 2024:

Applicable Period:

The scheme targets tax demands for the financial years 2017-18, 2018-The scheme targets tax demands for the financial years 2017-18, 2018-2019 and 2019-2020.

Eligibility:

Taxpayers who have received non-fraudulent GST demand notices under Section 73 of the CGST Act for the specified periods are eligible. This includes cases where:

•  A notice or statement has been issued under Section 73(1) or 73(3), and no final order has been passed.


• An order has been passed under Section 73(9), and no further appeal or revision order has been issued.


• An order has been passed under Section 107(11) or 108(1), and no further appeal under Section 113(1) has been filed.

Benefits:

Upon full payment of the outstanding tax amount by March 31, 2025, eligible taxpayers will receive a waiver of the associated interest and penalties.

Application Process:

• Taxpayers must submit the appropriate application form:
  • Form GST SPL-01: For notices or statements under Section 73.
  • Form GST SPL-02: For orders under Sections 73, 107, or 108.
• Applications should be filed electronically on the GST portal.
• The deadline for filing applications is June 30, 2025.

Conditions:

• The full tax amount must be paid by March 31, 2025.
• Any pending appeals or writ petitions related to the tax demand must be withdrawn before applying.
• The scheme does not cover cases involving erroneous refunds or fraudulent activities.

Important Considerations:

• The waiver applies only to interest and penalties; the principal tax amount remains payable.
• Once the proceedings are concluded under this scheme, no further appeals can be filed against the resolved cases.
• Taxpayers are advised to review their records and ensure compliance within the stipulated timelines to benefit from this scheme.

For detailed information and guidance, refer to the official notification by the Ministry of Finance

 Notification No. 21/2024 – Central Tax: 

This notification specifies the timeline by which taxpayers must pay the outstanding tax to avail of the waiver of interest and penalties.

Notification No. 20/2024 – Central Tax:

This notification outlines the procedure and conditions for availing of the waiver of interest and penalties under the amnesty scheme

The said notifications can be referenced at https://taxinformation.cbic.gov.in/content-page/explore-notification