GST Amnesty Scheme 1 April 2023 to 30 June 2023

Overview of the Amnesty Scheme

The GST Amnesty Scheme is a scheme in which the GST department offers some relaxation to taxpayers who have defaulted.
Relaxation will be in terms of extending the time limit to comply with provisions or rebates in penalties.
This Scheme was first introduced to provide relief to taxpayers who defaulted between July 2017 to September 2018.
The government re-introduced the said scheme for the covid period as well and during the previous financial year 2022 as well.
Again, the GST department has been notified to implement the 2023 GST amnesty scheme.

Beneficial to:

The Composition taxpayer who failed to furnish a return in FORM GSTR-4 for the quarters from July 2017 to March 2019 by the due date or for the F.Y. 2019- 20 to 2021-22 by the due date
The taxpayer who received assessment orders due to non-filing of return.
A regular taxpayer who was mandatorily required to file GSTR- 9 forms FY 2017- 18 to FY 2021- 22 but has not filed on or before the respective due dates.
Registered persons who failed to furnish the final return in GSTR-10 by the due date.
A taxpayer whose registration was canceled on or before 31st December 2022 on account of non-filing of the returns, and application for revocation was after 30 days of order.

Relief provided:

Under the amnesty scheme, the Composition taxpayer department will waive the late fee in excess of Rs. 500 (Rs. 250 CGST + Rs. 250 SGST) and fully waive where the total amount of central tax payable in FORM GSTR- 4 is Nil.
The benefit for taxpayers who received assessment orders due to non-filing of return will be deemed withdrawal of assessment orders if he files a tax return and pays tax liability including interest, late fee, etc.
For GSTR- 9 defaulters’ benefit will be a waiver of the total amount of late fees which is in excess of Rs. 20,000 (Rs, 10,000 CGST + Rs. 10,000 SGST) only if the taxpayer file returns within the given time.
For GSTR- 10 defaulters’ benefit will be a waiver of the number of late fees which is in excess of Rs. 1,000 (Rs, 500 CGST + Rs. 500 SGST) only if the taxpayer file said returns within the given time.
For taxpayer whose registration was canceled, can file an application for revocation of cancellation by Jun 30, 2023 subject to that he files all the pending returns and pay all the dues.
Those taxpayers can also take benefit of this scheme who filed an appeal for revocation of cancellation and was rejected due to the expiry of the time limit.

Time limit to take advantage of above scheme:

The time limit for this will be between 1^st April 2023 to 30^th June 2023

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