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The Rajasthan High court ruled that the advantage of the amnesty scheme beneath the Sabka Vikas Legacy Dispute Resolution Scheme, 2019 would not get refused only on the basis of the inquiry notice under section 125 of the GST Act issued to the taxpayer. The applicant, M/s Sonjoli Construction Co, before the court comprises the […]
From the traders to claim the amnesty scheme announced in the state budget 2022, the Kerala state GST department has invited applications from the traders. The application would get submitted online. The businesses would submit the options to settle the arrears of several taxes such as Kerala Value Added Tax (KVAT), General Sales Tax, Central […]
GST law supports the free flow of the input credit. It is used to permit tax-free transactions and removes the rollover effects. Amnesty is directed towards forgiving the crime or the act of forgiveness for the previous offences. From the compliance of the old dictionary, Amnesty means “a fixed period of time during which people […]
On Sunday 29th August 2021, the Finance Ministry has extended the last date for availing of the GST Amnesty Scheme, under which taxpayers were liable to pay a decreased fee for delay in filing monthly returns by 3 months till November 30. The GST Amnesty Scheme was introduced by the GST Council, headed by Nirmala […]
In yet another attempt to provide relief to the Company Secretary Students who are facing the evils of second Covid-19. The Institute of Company Secretary of India (ICSI) has stretched the last date of the ECSIN Amnesty Scheme, 2021 along with the UDIN Amnesty Scheme, 2021 till June 30, 2021. For the above-mentioned extension, an […]
The 43rd GST council meeting was held via video conferencing in New Delhi with other states finance ministers. The meeting was very important as the states’ ministers demanding GST rate cut and exemption of COVID-19 supplies via official letter. The union finance ministry has discussed on GST rate on COVID-19 related medical supplies along with […]
Under the Amnesty scheme 2020, Kerala GST officials provide instructions for the settlement of arrears. The province of Commissioner of KGST in the context of Kerala Finance Bill, 2020 to assure constancy in bringing out the improvements performed in different Laws and conditions with regards to Amnesty Scheme, 2020The Indian government is planning to launch […]
The Government of Kerala has launched an Amnesty Scheme 2020 to settle the liabilities of the tax arrears arising during Pre GST (Goods and Services Tax). The government has introduced the scheme for the purpose of settlement of tax liabilities of arrear assessees before the introduction of GST to clear the backlog of taxes. The […]
The Bengal State government introduced the amnesty scheme aimed at settling the taxes incurred in the pre-GST era i.e. under VAT, central sales tax and entry tax. The much similar phenomenon was seen in the Centre’s amnesty scheme namely ‘Vivad Se Vishwas’ that got its recognition in the Union Budget introduced on 1 Feb 2020. […]
