Categories: Others

GST Amnesty Scheme may be announced in Budget 2023

Govt of India introducing new 1-time tax Amnesty scheme to decreased  litigation which may be announced in Budget 2023

  • New one Time Tax Amnesty/Dispute Resolution Scheme May Be announced In Budget 2023
  • Central Board of Indirect Taxes & Customs, CBDT Studying Possible Contours Of  Dispute Resolution Scheme or New Amnesty
  • The Central Board of Indirect Taxes & Customs Collected 38,000 Cr Under 2019 Sabka Vishwas Legacy Dispute Resolution Scheme
  • New 1-Time Tax Amnesty Scheme To Build On Success Of Similar Older Schemes
  • Amnesty Scheme May Expedite 33,653 Customs Cases Worth 38,293 Cr Stuck In Litigation
  • Central Board Direct Taxes & Customs Direct Taxes Collected 54,000 Cr Under Vivad Se Vishwas Scheme Of 2020
  • New Dispute Resolution Scheme A Chance To Offload Burden Of Probable Future Liability

GST Amnesty Scheme 2023

  • If you are a GST Registered Taxpayer and have made any defaults in relation to non-filing of returns under GSTR 4, GSTR 9, or GSTR 10 and default in Revocation of the canceled GST Registration do not worry as the GST Amnesty scheme is here. Register before 30.06.2023 to avail the benefit.
  • The deadline to use this scheme is fast approaching, and this is the last chance to take advantage of this opportunity. I urge you to take immediate action and make the most of this scheme.
  • GST Amnesty available to non-filers of Form GSTR-10 (Final Return) – Any GST Registered dealer who has not filed the Final GST Return in form GSTR-10 within Timeline date, for the period Financial Year 2017-18 to Financial Year 2021-22 then the late fee shall be restricted to INR 1k, In case such GSTR-10 is filed between 1.04.2023 to 30.06.2023.

Check out all main points of about GST Amnesty Scheme 2023

Question : Is there any amnesty scheme currently running, whereby we can pay reduced late filing fee on GSTR 3B

Ans : No waiver today, Amnesty scheme not applicable as of now. Legislature would not give relief

Our Indirect Taxation team of experts can help you to check your scheme eligibility and the benefit amount. Thank you for your time, and we look forward to hearing from you soon!

Latest Amnesty Scheme of Filling of GSTR-9 for the Financial Year 2017-2022]

Completed Details of GSTR-9 Late Fee.

  • GST Registered persons having Aggregate Annual Turnover under GST upto 5CR – INR 25 + INR 25 per day max to 0.02% of Turnover.
  • The GST Registered persons having Aggregate Annual Turnover under GST more than INR 5 Cr and upto 20CR – INR 50 + INR 50 per day max to 0.02% of Turnover.
  • GST Registered persons fails to file GSTR-9 of Financial Year 2017-18 to Financial Year 2021-22 – Max. INR 10,000 subject to return furnish by 1stday of April, 2023 to the 30thday of June, 2023.

for more detail or Reference  GST Notification No. 07/2023 – Central Tax dated 31.03.2023.

Rajput Jain & Associates

Rajput Jain & Associates is a Chartered Accountants firm, with it's headquarter situated at New Delhi (the capital of India). The firm has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting firms and are extensively experienced in their chosen fields has providing a wide array of Accounting, Auditing, Taxation, Assurance and Business advisory services to various clients and their stakeholders. Rajput jain & Associates, a professional firm, offers its clients a full range of services, To serve better and to bring bucket of services under one roof, the firm has merged with it various Chartered Accountancy firms pioneer in diversified fields. We have associates all over India in big cities. All our offices are well equipped with latest technological support with updated reference materials. We have a large team of professionals other than our Core Team members to meet the requirements of our prospective clients including the existing ones. However, considering our commitment towards high quality services to our clients, our team keeps on growing with more and more associates having strong professional background with good exposure in the related areas of responsibility.

Recent Posts

New cheque clearing process starting from Oct 4, 2025

New cheque clearing process in India starting from October 4, 2025 Existing System (Until Oct 3, 2025) : Clearing Method:… Read More

1 day ago

Overview on Tax Treatment on Gratuity in India

Overview on Tax Treatment on Gratuity in India What is Gratuity? Gratuity is a lump sum paid by an employer… Read More

1 day ago

Taxation Comparison: Gold Coin vs Gold Jewellery

Taxation Comparison: Gold Coin vs Gold Jewellery Tax Aspect Gold Coin Gold Jewellery ITR Reporting Treated as a capital asset.… Read More

4 days ago

Crypto Taxation & ITR Reporting Guide for India

Crypto Taxation & ITR Reporting Guide Tax on Profits from Crypto (Virtual Digital Assets)- Taxation U/s 115BBH Applicability on Virtual… Read More

4 days ago

Savings Account Rules for Transactions to Avoid Tax Scrutiny

Savings Account – Rules for Transactions to Avoid Income Tax Scrutiny The Income Tax Department monitors high-value transactions through banks’… Read More

5 days ago

Quick Guide on GST Marginal Scheme

Quick Guide on GST Marginal Scheme What is GST Marginal Scheme Meaning : The GST Margin Scheme is applicable primarily… Read More

5 days ago
Call Us Enquire Now