GST Amnesty Scheme- Relief promised-challenges delivered?
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....ST Amnesty Scheme- Relief promised-challenges delivered?<br>By: - Pradeep Reddy<br>Income Tax<br>Dated:- 20-3-2025<br>GST Amnesty Scheme- Relief promised-challenges delivered? Section 128A of the CGST Act, along with 𝐑𝐮𝐥𝐞 164 𝐚𝐧𝐝 𝐂𝐢𝐫𝐜𝐮𝐥𝐚𝐫 𝐍𝐨. 238/32/2024-𝐆....
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....;𝐒𝐓 (𝐝𝐚𝐭𝐞𝐝 𝐎𝐜𝐭𝐨𝐛𝐞𝐫 15, 2024), aims to provide relief through waivers of interest and penalties. But here's the catch: ⚠️ 𝐅𝐨𝐫𝐦𝐬 𝐒𝐏𝐋-01 𝐚𝐧𝐝 𝐒𝐏𝐋-02, essential f....
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....or claiming the waiver, are 𝐧𝐨𝐭 𝐲𝐞𝐭 𝐥𝐢𝐯𝐞 on the GST portal. As per the latest 𝐆𝐒𝐓𝐍 𝐚𝐝𝐯𝐢𝐬𝐨𝐫𝐲, these forms will only be available by the 𝐟𝐢𝐫𝐬𝐭 𝐰𝐞𝐞𝐤 Ү....
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....48;𝐟 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 2025. 🚨 𝐖𝐡𝐚𝐭'𝐬 𝐭𝐡𝐞 𝐜𝐨𝐧𝐜𝐞𝐫𝐧? The current provisions lack clarity on situations where: 👉 Orders have been passed. 👉 Appeals haven't been filed. 👉 The deadline to file a....
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....n appeal hasn't expired as of 𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫 1, 2024. 💡 𝐖𝐡𝐚𝐭'𝐬 𝐚𝐝𝐯𝐢𝐬𝐚𝐛𝐥𝐞? ✅ File an 𝐚𝐩𝐩𝐞𝐚𝐥 𝐰𝐢𝐭𝐡 𝐚 10% 𝐩𝐫Ү....
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....38;-𝐝𝐞𝐩𝐨𝐬𝐢𝐭 now. ✅ Prepare to pay the balance when the forms go live. ✅ Seek waivers for interest and penalties after that. Without filing an appeal, taxpayers could face 𝐫𝐞𝐜𝐨𝐯𝐞𝐫𝐲 𝐩𝐫𝐨𝐜𝐞𝐞𝐝𝐢𝐧....
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....9840;𝐬, as there's no automatic safeguard under the current framework. 🤔 𝐖𝐡𝐚𝐭'𝐬 𝐲𝐨𝐮𝐫 𝐯𝐢𝐞𝐰?<br> Scholarly articles for knowledge sharing by authors, experts, professionals ....
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