The Rajasthan GST Department in a recent development has issued a notification dated 8th February 2024 presenting the much expected Amnesty Scheme-2024. The same scheme has the objective of furnishing substantial advantages to dealers and individuals by offering rebates on taxes and facilitating the settlement of outstanding demands and disputed amounts under the Goods and Services Tax Regime.
Latest Updates
- 6th March 2024: Rajasthan GST Department published a Notification vide F.16(752)/VAT/TAX/CCT/2023-24/944 outlining the procedure for the Amnesty Scheme-2024. The scheme allows for the disposal of outstanding demand or disputed amount on application for willingness. Read Notification
Provisions of the Amnesty Scheme-2024
- The scheme, officially titled Amnesty Scheme-2024 is effective presently and will stay in force until July 31, 2024.
- To all the dealers or individuals with outstanding demands or disputed amounts, the scheme is applicable under distinct acts till 30th June 2017, apart from those concerned with the Rajasthan Value Added Tax Act, 2003, and the Central Sales Tax Act, 1956 concerning goods specified in Entry 54 of the State List of the Seventh Schedule to the Constitution of India.
- The scheme shows the structured table showing the conditions and the extent of tax reimbursement and waiver of interest, penalty, and late fees for different categories of outstanding demands or disputed amounts.
- To claim the amnesty advantages, applicants should convey their willingness electronically on the Commercial Taxes Department’s website www.rajtax.gov.in to the related Assessing Authority. Separate intimation is needed for outstanding demands/disputed amounts under different Acts and before different Assessing Authorities.
- The conditions comprise depositing the needed amount, submitting the undertaking for the withdrawal of the due cases before any court, tax board, or appellate authority, and the prohibition of the refunds concerned with the tax reimbursement or the waiver beneath the same scheme.
- Cases under Amnesty Scheme-2023 consist of the payment in instalments that will continue under the provisions of the aforementioned scheme.
- Under the amnesty scheme-2023, the cases pending, and willingness provided beneath the former scheme are considered applicable to the Amnesty Scheme-2024, with the amount to be paid communicated in a new way.
Rajasthan GST Department which introduced the Amnesty Scheme-2024 furnishes an effective chance for dealers and individuals to settle the demands and disputed amounts providing tax reimbursements and easing the resolution procedure. To avail of the benefits the qualified ones are motivated to comply with the underscored process and complete the required conditions in the duration of the functionality of the scheme.
Individuals who wish to get more details and clarifications are recommended to refer to the official notification and the guidelines furnished via the Commercial Taxes Department, Rajasthan.
