With only a limited number of days remaining, taxpayers have the opportunity to make the most of the extended deadline offered by the GST Amnesty scheme. This scheme has been created to provide relief to individuals who have received assessment orders under Section 62 of the CGST Act. The initial deadline for form submission was June 30, 2023, but it has now been extended until August 31, 2023, according to the recent notification issued.

The Central Board of Indirect Taxes and Customs (CBIC) has officially declared this extension for the GST Amnesty scheme, which encompasses non-filers of GSTR 4, GSTR-9, and GSTR-10.

What is the GST Amnesty scheme?

All individuals who are responsible for paying or submitting their GST returns are required to adhere to the established regulations and timelines. When it comes to GST, it’s essential to file returns in a systematic order. Failing to meet the designated deadline can result in potential fines for non-compliance with filing requirements.

To mitigate the potential repercussions, the government has introduced the GST Amnesty scheme. This initiative provides taxpayers with the opportunity to submit their overdue GST returns without facing substantial penalties.

Why should one avail GST Amnesty scheme?

The main goal of this amnesty program is to provide support to taxpayers who have not yet furnished their GSTR-4, GSTR-9, or GSTR-10 returns, along with other required GST filings. This initiative is specifically aimed at individuals who have had their registration canceled due to a lack of return submissions. The CBIC’s official Twitter account has supplied detailed information outlining the extent of the program:

Also Read: Amnesty Scheme for Export Obligation of AAS & EPCG

Amnesty scheme for revocation of cancellation of registration

Entities that were registered and had their registration canceled on or prior to December 31, 2022, due to non-submission of returns, are entitled to request the reinstatement of their registration. Those who didn’t manage to initiate the reinstatement process within the designated period or had their appeals turned down, now have the option to seek reinstatement by August 31, 2023. This procedure necessitates the submission of all pending returns up to the date when the registration cancellation took effect, along with settling taxes, interest, penalties, and overdue fees.

Amnesty scheme for non-filers of FORM GSTR-4

The timeframe for availing benefits through this scheme has been prolonged from June 30 to August 31, 2023, as indicated in Central Tax Notification 24/2023.

Amnesty scheme for non-filers of annual return (GSTR-9)

Individuals who have not submitted the GST annual return (GSTR-9) have been given an extension until August 31, 2023, as outlined in Central Tax Notification 25/2023. Taxpayers falling within this group are recommended to make use of this extended period to complete their filing obligations and prevent incurring penalties.

Amnesty scheme for non-filers of FORM GSTR-10

In accordance with Central Tax Notification 26/2023, the cutoff for individuals who have not submitted GSTR-10 has been pushed from June 30 to August 31, 2023. This extension offers a chance to those who have not yet fulfilled their GSTR-10 obligations. Taxpayers who have received assessment orders under Section 62 of the CGST Act can avail relief through this amnesty program.

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