GST Amnesty Scheme: Benefits, Eligibility, & Forms

The GST Amnesty Scheme, introduced under Section 128A of CGST Act, aims to ease the compliance burden on taxpayers by waiving interest and penalties on tax demands raised under Section 73. Effective from November 1, 2024, this scheme encourages businesses to settle outstanding dues and regularise compliance without heavy penalties. Rule 164 of CGST Rules outlines the procedure and conditions for the closure of proceedings. To avail of its benefits, taxpayers must clear payment dues before the specified deadline and submit relevant forms.