GSTN Issues Key Advisory on Waiver Scheme Under Section 128A of CGST Act, 2017

The GST Network (GSTN) released Advisory No. 546 on November 8, 2024, detailing the Waiver Scheme under Section 128A of the CGST Act, 2017. This scheme provides significant relief to taxpayers by waiving interest and penalties for certain tax demand orders, aiming to reduce disputes and ease compliance.

Key Highlights of the Waiver Scheme:

Scope: Covers demand notices or orders under Section 73 (excluding fraud, suppression, or willful misstatements) for FY 2017-18, 2018-19, and 2019-20.

Conditions: Full tax payment must be made by March 31, 2025 to avail the waiver.

Procedure:

New Rule 164 under CGST Rules, 2017, outlines procedural guidelines.

Taxpayers must file FORM GST SPL-01 or FORM GST SPL-02 on the GST portal by March 31, 2025.

These forms are expected to be available in January 2025.

Payment Process:

Demand Orders: Use the “payment towards demand” option.

Notices: Use Form GST DRC-03. If previously paid via DRC-03, link it to the demand order using Form GST DRC-03A.

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