Taxpayers in Gurugram to Receive Interest and Penalty Relief under 'Amnesty Scheme'
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Synopsis
Gurugram taxpayers can benefit from the Haryana government's 'Amnesty Scheme' by settling only the principal tax amount due under the GST Act for the financial years 2017-20 by March 31, 2025, to receive relief from interest and penalties.
Key Takeaways
- Amnesty Scheme provides relief on interest and penalties.
- Eligibility requires payment of principal tax by March 31, 2025.
- Taxpayers must withdraw appeals to benefit from the scheme.
- Outstanding dues after the deadline will be collected as per regulations.
- Encouragement for taxpayers to utilize the scheme.
Gurugram, March 30 (NationPress) Under the ‘Amnesty Scheme’ initiated by the Haryana government, taxpayers are eligible for relief on the interest and penalty amounts owed under the GST Act for the financial years 2017-18, 2018-19, and 2019-20, provided they pay only the principal tax amount by March 31, 2025, officials stated.
Geetanjali Mor, Joint Excise and Taxation Commissioner (Gurugram Range), elaborated on this initiative, mentioning that the Haryana government rolled out the Amnesty Scheme for registered traders/taxpayers under the GST Act in October 2024.
This scheme allows taxpayers to benefit from a waiver of interest and penalty amounts by settling the principal tax due under Section 73 of the GST Act, 2017 for the specified financial years by March 31, 2025.
Taxpayers need to pay the principal tax amount before the deadline to qualify for the relief on interest and penalties, she noted.
Moreover, she explained that taxpayers with outstanding tax, interest, and penalty liabilities for the relevant period who have filed an appeal against these dues must withdraw their appeal prior to applying for the amnesty scheme on the GST portal.
They are also required to upload the relevant withdrawal order on the portal. However, the essential condition remains that the principal tax amount must be settled by March 31, 2025.
She encouraged all eligible taxpayers to fully leverage this scheme. Any dues that remain unsettled after March 31, 2025, will be collected according to applicable rules and regulations.
"This is the best chance to take advantage of the government schemes. With this initiative, taxpayers can maximize their benefits and obtain relief on interest and penalties. We strongly urge taxpayers to utilize this scheme before the stipulated deadline," she added.
