The GST Amnesty Scheme 2024 offers relief by waiving interest and penalties on tax demands for the financial years 2017-18, 2018-19, and 2019-20. However, with the designated forms (GST SPL-01 and SPL-02) under development, taxpayers must follow an alternative process to apply for the scheme. The new process, shared in a GSTN advisory on November 8, 2024, allows immediate compliance while ensuring eligibility for waiver benefits.
Key Highlights of the GST Amnesty Scheme
| Aspect | Details |
|---|---|
| Applicable Period | Financial Years 2017-18, 2018-19, and 2019-20 |
| Eligible Relief | Waiver of interest and penalties on tax demand |
| Condition for Waiver | Full tax payment by March 31, 2025 |
| Forms Under Development | GST SPL-01 and SPL-02 forms expected by January 2025 |
| Alternative Payment Methods | Use Form DRC-03/DRC-03A or Electronic Liability Ledger for immediate tax compliance |
New Process to Pay Tax Demand
The absence of GST SPL-01 and SPL-02 forms has led to an interim solution. Taxpayers can now use alternative methods to comply with the scheme:
- Form DRC-03:
- Applicable for taxpayers served a show cause notice (SCN) but awaiting an adjudication order.
- Part payments (e.g., ₹150 out of ₹200 demanded) can be adjusted by filing Form DRC-03A.
- Electronic Liability Register:
- For cases where the order-in-original has been issued, but no appeal order has been passed.
- Taxpayers can pay via the register using the portal’s path:
Services > Ledgers > Electronic Liability Register > Part-I: Return Related Liabilities.
- Payment Timing:
- Taxpayers can opt to wait for the SPL-01 and SPL-02 forms (expected by January 2025) or utilize the methods above to secure waiver benefits immediately.
Why the GST Amnesty Scheme Matters
The GST Amnesty Scheme aims to:
- Reduce Litigation: By resolving disputes for non-fraud cases under Section 73 of the CGST Act, 2017.
- Provide Relief: Waives penalties for taxpayers adhering to the stipulated timelines.
- Simplify Compliance: Encourages tax payment without additional litigation concerns.
Action Plan for Taxpayers
- Evaluate Notices and Demands: Identify applicable tax demands under Section 73 of the CGST Act.
- Choose a Payment Method: Use DRC-03/03A or the liability register for immediate compliance.
- Pay Before March 31, 2025: Ensure tax payments are completed to secure waiver benefits.
- Plan for SPL Forms: Keep an eye on GSTN updates regarding SPL-01 and SPL-02 availability.
- Seek Expert Advice: Consult professionals for clarity on specific cases and compliance strategies.
Conclusion
The GST Amnesty Scheme 2024 is a critical opportunity for taxpayers to resolve past disputes and avoid penalties. With alternative processes in place, there’s no need to wait for SPL forms to start complying. Timely action will not only ensure relief under the scheme but also strengthen your tax compliance.
“Compliance made simple—pay today to save tomorrow.”