The GST Amnesty Scheme 2024, introduced via Section 128A of the CGST Act, offers a conditional waiver of interest and penalties on tax demands for financial years 2017-18 to 2019-20. Taxpayers must pay 100% of the demanded tax by March 31, 2025, to qualify, settling pending disputes and avoiding legal proceedings for non-fraudulent cases.
The new GST Amnesty scheme 2024. Avail the new GST Amnesty Scheme 2024, introduced via Section 128A for conditional waiver of interest and penalties for tax demands from FY 2017-18 to 2019-20 under Section 73. To qualify, taxpayers must fully pay outstanding tax dues by March 31, 2025.
The GST Amnesty Scheme under Section 128A grants total waiver of pending interest and penalty amount if the tax dispute amount is paid by an eligible taxpayer on or before March 31, 2025.
“GST amnesty scheme for GSTR-9 delayed filing- Late fee in excess of Rs. 20,000 (Rs. 10,000 each CGST and SGST) is waived of for delayed filing of GSTR9 for years 2017-18 up to 2021-22 if filed between 1st April 2023 to 30th June 2023.
1. Login into GST portal: Navigate to > Services > User Services > My Applications. 2. On Navigating to 'My Applications' page, the taxpayer has to select 'Apply for Waiver Scheme under Section 128A' option under 'Application type' dropdown.
The GST Amnesty Scheme 2024 offers a valuable opportunity for taxpayers to settle past GST disputes from FY 2017-18 to 2019-20 with a waiver of interest and penalties under Section 73. To avail the benefit, full tax payment must be made by March 31, 2025, and the application must be filed by June 30, 2025.
Non-resident Indians have the same rights as Indian citizens when it comes to Goods and Services Tax (GST) exemptions. If a Non-Resident Indian meets the criteria set out in the applicable law, he/she can avail of this benefit.
The following category of tax persons are exempted from payment of 1% of GST in Cash 1. Registered taxpayers who have paid income tax above Rs 1.00 in Income Tax during the last two years continuously 2. Taxpayers who have zero-rated supplies without payment of duty and claimed refund of more than Rs 1.00 lac 3.
CGST and SGST late fee is ₹50 per day per return, with a limit of ₹5,000 per type of return. 4. Can you waive or reduce the GST penalty? Yes, you can waive or reduce a GST default penalty in case of actual default on the basis of reasonable causes and for first-time offenders.
Legal provisions restrict claiming ITC after the due date of GSTR-3B or annual return for that financial year. Example: For FY 2019-20, ITC on a September 2020 invoice could be claimed by 20th October 2020 (GSTR-3B due date) or 31st December 2020 (annual return). Amnesty scheme does not extend this ITC claim period.
Goods and services tax credit
According to the federal government, the maximum annual amount an individual may receive from July 2025 to June 2026 is $533, while a married or common-law couple could see up to $698 combined.
Barring of GST Return on expiry of three years
The GST network issued another advisory on 7th June 2025, implementing the rule of time-barring of GST return filing beyond three years from the due date. By this update, taxpayers will not be able to file GST returns after three years from the due date of such return.
What is the Minimum Turnover Limit for GST Registration? Businesses are required to register for GST and pay tax on their annual turnover if their annual revenue exceeds Rs. 40 lakhs in the case of goods supplied and Rs. 20 lakhs for the supply of services.
Client Notices: Drafts professional replies to GST notices or departmental queries.
Businesses dealing in goods are exempt from GST if their annual aggregate turnover is below INR 40 lakhs. For businesses in hilly and northeastern states, this threshold is reduced to INR 20 lakhs to address regional challenges. Service providers are exempt from GST if their turnover is under INR 20 lakhs annually.
The GST Amnesty Scheme 2025 is a relief measure aimed at reducing litigation and facilitating compliance. It allows taxpayers to settle disputes by paying the outstanding tax dues while receiving a GST waiver on associated interest and penalties.
Steps to Apply for the GST Waiver
Here's a simplified breakdown of the process under Section 128A: File an Application on the GST Portal: Apply electronically using FORM GST SPL-01 for non-fraudulent notices or FORM GST SPL-02 for certain orders. Include details of the tax payments made using FORM GST DRC-03.
Penalties for a late GST return
You'll be charged a penalty for late filing – $50 if you're on the payments basis; $250 if you're on the hybrid or invoice basis. The penalty is due for payment before the 28th of the month after the return was due.
GST reduces tax burden through input tax credits, lowers logistics costs by eliminating state entry taxes, and creates a uniform market across India. It also simplifies tax compliance with an online filing system, making it easier for businesses to operate.
The New GST Rate Structure
The old four-slab structure (5%, 12%, 18%, 28%) has been simplified. The 12% and 28% slabs were eliminated and replaced with a new structure, which is now primarily 0%, 5%, 18%, and a 40% rate for luxury and “sin” goods.
Cash Transaction Limit: Under Section 269ST, receiving over ₹2 lakh in cash per transaction/day is prohibited. Exceptions: Payments to government authorities, agricultural income, or banking channels. Penalties: Violations may attract severe penalties.
Here's the deal: GST is built into almost everything you buy in India, from a hotel room in Mumbai to a fancy saree from Delhi. If you're a foreign tourist, you can't avoid it at the cash counter. There's no exception just because your passport comes from a different country.
Maximum marginal rate is the highest rate of tax at any income level. This means for those with incomes between Rs 2 crore and Rs 5 crore, 39% will be the highest applicable tax rate, and for those with incomes above Rs 5 crore, it will be 42.74% — the highest tax rate since 1992.
As the non-resident vendor is generally not considered to be carrying on business in Canada, they are not required to register for GST/HST purposes and, as a result would not be required or permitted to charge GST/HST on the supply of digital goods and services to Canadian customers.