GST Amnesty Scheme 2023 Deadline, Payment, Eligibility, Legal Dispute

GST Council Introduces Amnesty Scheme 2023

The GST Council recently introduced an Amnesty Scheme for taxpayers to challenge demand orders from March 2023 to January 31, 2024. Taxpayers have three months from the tax officer’s assessment order to file an appeal.

GST Amnesty Scheme 2023 Requirements

To qualify for the GST Amnesty Scheme 2023, taxpayers must have paid all outstanding taxes, interest, fines, fees, and penalties. It’s crucial to clear any outstanding debts before starting the appeals process.

ParticularsGST Amnesty Scheme 2023
Revocation of cancellation of registrationWhatsApp Channel Deemed withdrawal of assessment order u/s. 62
EligibilityRegistration is canceled under section 29(2)(b) or 29(2)(c) on or before 31st December 2022 and revocation application is not filed within the time limit.
AmnestyApplication of revocation of cancellation of registration can be filed up to 30th June 2023.
Conditions to be satisfiedEvery outstanding return and outstanding balance has been settled.

GST Amnesty Scheme 2023 Deadline Extension

Taxpayers have three months from the issuance of an assessment order to file an appeal, with a possible one-month extension. The deadline for submitting forms under the scheme has been extended to August 31, 2023, for GSTR 4, GSTR-9, and GSTR-10 for non-filers.

GST Amnesty Scheme 2023 Payment Conditions

The 52nd GST Council meeting extended the deadline for filing appeals with a higher pre-deposit of 12.5% of the tax demand, up from 10%. Failure to make payments by the deadline incurs an interest rate of eighteen percent.


GST Amnesty Scheme 2023 Benefits

The reintroduced GST Amnesty Scheme aims to help taxpayers who missed filing GSTR-3B for earlier tax periods. It offers relief from late fees and addresses unresolved issues. Meghalaya’s Chief Minister mentioned that the scheme would benefit the government and urged taxpayers to utilize it.

Eligibility for GST Amnesty Scheme

The GST Amnesty Scheme is available to individuals whose registration has been canceled under specific circumstances, such as failing to file returns for a prescribed period. Registration must be canceled by December 31, 2022, and the individual must not have applied for registration cancellation or revocation within the specified time frame.

GST Amnesty Scheme 2023 and Legal Disputes

The GST Amnesty Scheme aims to reduce legal disputes by providing a platform for taxpayers to settle disagreements without formal litigation. Mr. Camp and his team specialize in dispute resolution and have extensive experience in international law. They can handle complex legal cases, including locating and recovering concealed assets.

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