- This scheme is aimed at providing relief to taxpayers who missed their appeal deadlines or had their appeals rejected on grounds of time limitations.
- Here are some key points about the scheme:
- The scheme will be open until January 31, 2024 for entities that were unable to submit their appeals by March 31, 2023.
- The scheme requires a pre-deposit of 12.5% of the tax demand, compared to the current 10%.
- The scheme covers orders passed under sections 73 and 74 of the CGST Act, which deal with tax evasion and fraud cases.
- The scheme also covers orders passed under section 62 of the CGST Act, which deal with best judgment assessment in case of non-filing of returns.
- The scheme does not cover orders passed under section 129 of the CGST Act, which deal with detention and seizure of goods and conveyances in transit.
- The scheme is applicable to appeals pending before any appellate authority, including the Appellate Authority for Advance Ruling, the Appellate Tribunal, the High Court and the Supreme Court.
Question:
Q.1 What is the deadline for availing the GST amnesty scheme?a. January 31, 2024
b. December 31, 2023
c. February 28, 2024
d. March 31, 2024
