Rajasthan GST Department Announces Amnesty Scheme 2024

In a recent development, the Rajasthan GST Department has released a Notification on February 08, 2024, unveiling the eagerly awaited Amnesty Scheme-2024. This initiative aims to grant substantial benefits to dealers and individuals by providing concessions on taxes and simplifying the resolution of outstanding demands and disputed amounts within the framework of the Goods and Services Tax Regime.

Key Provisions of Amnesty Scheme-2024:

The scheme, officially termed as Amnesty Scheme-2024, is now in effect and will be operational until July 31, 2024.

It encompasses dealers or individuals with outstanding demands or disputed amounts under various Acts until June 30, 2017, excluding matters pertaining to the Rajasthan Value Added Tax Act, 2003, and the Central Sales Tax Act, 1956 concerning goods specified in Entry 54 of the State List of the Seventh Schedule to the Constitution of India.

The scheme delineates a structured framework outlining conditions and the extent of tax rebates and waivers of interest, penalties, and late fees for different categories of outstanding demands or disputed amounts.

To avail the amnesty benefits, applicants are required to express their willingness electronically on the Commercial Taxes Department’s website www.rajtax.gov.in to the relevant Assessing Authority. Separate intimation is necessary for outstanding demands/disputed amounts under distinct Acts and before diverse Assessing Authorities.

Stipulations include the deposit of the requisite amount, the submission of an undertaking for withdrawing pending cases before any Court, Tax Board, or Appellate Authority, and the prohibition of refunds related to tax rebate and/or waiver under this scheme.

Cases under the Amnesty Scheme-2023 involving installment payments will persist under the provisions of the preceding scheme.

For cases pending under the Amnesty Scheme-2023, the willingness submitted under the prior scheme is deemed applicable to the Amnesty Scheme-2024, with the communicated payment amount to be revisited.

The introduction of the Amnesty Scheme-2024 by the Rajasthan GST Department presents a valuable opportunity for dealers and individuals to resolve outstanding demands and disputed amounts, offering significant tax rebates and streamlining the resolution process. Eligible parties are encouraged to adhere to the outlined procedures and fulfill the necessary conditions within the scheme’s operational timeline to avail these benefits.