The Goods and Services Tax (GST) Council has announced four amnesty schemes for taxpayers in 2023. These schemes offer relief to taxpayers who have not filed various GST returns, including GSTR-4, GSTR-9 and GSTR-10. Additionally, they cover the regularization of orders related to the revocation of cancelled registrations and deemed withdrawal of assessment orders issued under Section 62.
The amnesty schemes are as follows:
- Amnesty Scheme for Revocation of Cancellation of Registration: This scheme allows taxpayers whose registrations have been cancelled for non-compliance to have their registrations revoked. To avail of this scheme, taxpayers must file all pending GSTR returns and pay all outstanding taxes and penalties.
- Amnesty Scheme for Non-filers of Final Return in FORM GSTR-10: This scheme allows taxpayers who have not filed their GSTR-10 final return to do so without facing any late fees or penalties. To avail of this scheme, taxpayers must file their GSTR-10 return by August 31, 2023.
- Amnesty Scheme for Withdrawal of Best Judgement Assessment Order against Non-filers of Return in FORM GSTR-3B: This scheme allows taxpayers who have been issued a best judgement assessment order for non-filing of GSTR-3B returns to have the order withdrawn. To avail of this scheme, taxpayers must file all pending GSTR-3B returns and pay all outstanding taxes and penalties.
- Amnesty Scheme for Non-filers of Annual Return: This scheme allows taxpayers who have not filed their annual return for a financial year to do so without facing any late fees or penalties. To avail of this scheme, taxpayers must file their annual return by August 31, 2023.
The amnesty schemes are a great opportunity for taxpayers to regularize their GST compliance. By availing of these schemes, taxpayers can avoid paying late fees and penalties, and they can also have their registrations revoked or their best judgement assessment orders withdrawn.
The amnesty schemes are valid until August 31, 2023. Taxpayers who wish to avail of these schemes must submit their applications by this date.
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