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GST Waiver Scheme Advisory 2024

The GST Council has recommended a waiver of interest and penalties for tax disputes under Section 73 of the CGST Act for the financial years 2017-20, provided full tax is paid by March 31, 2025. Taxpayers must file applications using FORM GST SPL-01 or FORM GST SPL-02 within three months of the notification date. Forms for the waiver are under development and will be available in January 2025, while taxpayers are encouraged to pay the demanded tax promptly to qualify for the waiver.

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23 views1 page

GST Waiver Scheme Advisory 2024

The GST Council has recommended a waiver of interest and penalties for tax disputes under Section 73 of the CGST Act for the financial years 2017-20, provided full tax is paid by March 31, 2025. Taxpayers must file applications using FORM GST SPL-01 or FORM GST SPL-02 within three months of the notification date. Forms for the waiver are under development and will be available in January 2025, while taxpayers are encouraged to pay the demanded tax promptly to qualify for the waiver.

Uploaded by

msalmanrulani99
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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24/02/2025, 19:25 Downloaded from Goods & Services Tax Portal

ADVISORY FOR WAIVER SCHEME UNDER SECTION 128A

Nov 8th, 2024

For reducing the tax disputes and to provide a big relief to the taxpayers, GST Council in its 53rd meeting
held on 22nd June, 2024 had recommended for waiver of interest and penalties in the demand notices or
orders issued under Section 73 of the CGST Act, 2017 (i.e. the cases not involving fraud, suppression or
wilful misstatement, etc.) for the Financial years 2017-18, 2018-19 and 2019-20. To avail this waiver, the
condition is that the full tax demanded is paid on or before 31.03.2025.

In view of the above, Rule 164 of CGST rules, 2017 was notified through Notification No. 20/2024 dated. 8th
October 2024, effective from 1st November 2024. This rule provides procedural guidelines for the said
waiver scheme. As per the waiver scheme, if a notice or order is issued under Section 73 for the financial
years 2017-18, 2018-19 and 2019-20, the taxpayers are required to file an application in FORM GST SPL-01
or FORM GST SPL-02, respectively on the common portal within three months from notified date, which is
31.03.2025.

In this regard it is to inform that Form GST SPL-01 and Form GST SPL-02 are under development and same
will be made available on the common portal tentatively from the first week of January 2025. In the
meantime, taxpayers are advised to pay the tax amount demanded in the notice, statement, or order issued
under Section 73 on or before March 31st, 2025, to ensure that they receive the waiver benefits by paying
their taxes before the deadline.

Taxpayer can pay the demanded tax amount through the “payment towards demand” facility in case of
demand orders and through Form GST DRC-03 in case of notices. However, if payment has already been
done through Form GST DRC-03 for any demand order then taxpayer need to link the said Form GST DRC
03 with such demand order through Form GST DRC-03A, which is now available on the common portal.

Thanking You,
Team GSTN

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