GST Amnesty scheme deadline to end on August 31: Check eligibility and key benefits

With a few days remaining, taxpayers should make use of the extended deadline for the GST Amnesty scheme. This scheme is intended to provide relief to individuals who have received assessment orders under Section 62 of the CGST Act. The original deadline for form submission, which was June 30, 2023, has been extended to August 31, 2023, as per a recent notification.
The extension was announced by the Central Board of Indirect Taxes and Customs (CBIC) and covers non-filers of GSTR 4, GSTR-9, and GSTR-10.
The GST Amnesty scheme allows taxpayers to file their pending GST returns without facing heavy penalties. It is aimed at individuals who have not yet submitted their GSTR-4, GSTR-9, or GSTR-10 returns. The scheme is particularly beneficial for those who faced registration cancellation due to non-filing of returns.
Key highlights of the scheme:

• 1. Amnesty scheme for revocation of registration cancellation: Entities whose registration was cancelled on or before December 31, 2022, due to non-filing of returns can apply for revocation by August 31, 2023. This involves submitting all pending returns along with tax payments, interest, penalties, and late fees.
  2. Amnesty scheme for non-filers of FORM GSTR-4: The deadline to claim benefits under this scheme has been extended to August 31, 2023.
  3. Amnesty scheme for non-filers of annual return (GSTR-9): Non-filers of the GST annual return (GSTR-9) have until August 31, 2023, to fulfill their filing requirements and avoid penalties.
  4. Amnesty scheme for non-filers of FORM GSTR-10: The deadline for non-filers of GSTR-10 has also been extended to August 31, 2023.

This amnesty scheme is a valuable opportunity for taxpayers who have received assessment orders under Section 62 of the CGST Act to rectify their filings and avoid penalties.