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NEW DELHI: The GST Council on Saturday got here out with an amnesty scheme, giving taxpayers time till January 31, 2024, to file appeals against demand orders handed by tax officers till March 2023. As per the GST regulation, an assessee can file an enchantment against an evaluation order in search of taxes inside three months of the tax officer passing such an order. This can be prolonged by yet one more month.
The 52nd GST Council in its assembly on Saturday gave further time to GST-registered companies to file appeals with an enhanced pre-deposit of 12.5 per cent of the tax demand, against 10 per cent presently.
Briefing reporters after the Council assembly, Revenue Secretary Sanjay Malhotra mentioned the council has advisable {that a} interval till January 31, 2024, could also be given for submitting of appeals by taxpayers for all orders handed till March 31, 2023, with an enhanced pre-deposit.
Of the pre-deposit of 12.5 per cent of the tax underneath dispute, at the very least 20 per cent (i.e. 2.5 per cent of the tax underneath dispute) ought to be debited from the Electronic Cash Ledger.
“This will facilitate a large number of taxpayers, who could not file an appeal in the past within the specified time period,” an official assertion mentioned.
In one other commerce facilitation measure, the GST Council has amended GST guidelines to supply that provisionally connected property will likely be launched after completion of 1 12 months.
Under the GST regulation, tax officers can provisionally connect properties, together with financial institution accounts, of GST-registered entities over non-payment of taxes.
The council has now clarified that such attachment will likely be legitimate for one 12 months.
“This will facilitate the release of provisionally attached properties after the expiry of the period of one year, without need for a separate specific written order from the Commissioner,” the assertion mentioned.
“There have been many instances wherein orders under the GST had been uploaded on the portal. However, the trade was not aware of the same.
“Hence, the time restrict of three months had lapsed. This state of affairs was creating numerous points for the assesses. This transfer will certainly assist the commerce and guarantee a discount in writ petitions for a similar,” mentioned Parag Mehta, Partner, Indirect Tax, NA Shah Associates.
The 52nd GST Council in its assembly on Saturday gave further time to GST-registered companies to file appeals with an enhanced pre-deposit of 12.5 per cent of the tax demand, against 10 per cent presently.
Briefing reporters after the Council assembly, Revenue Secretary Sanjay Malhotra mentioned the council has advisable {that a} interval till January 31, 2024, could also be given for submitting of appeals by taxpayers for all orders handed till March 31, 2023, with an enhanced pre-deposit.
Of the pre-deposit of 12.5 per cent of the tax underneath dispute, at the very least 20 per cent (i.e. 2.5 per cent of the tax underneath dispute) ought to be debited from the Electronic Cash Ledger.
“This will facilitate a large number of taxpayers, who could not file an appeal in the past within the specified time period,” an official assertion mentioned.
In one other commerce facilitation measure, the GST Council has amended GST guidelines to supply that provisionally connected property will likely be launched after completion of 1 12 months.
Under the GST regulation, tax officers can provisionally connect properties, together with financial institution accounts, of GST-registered entities over non-payment of taxes.
The council has now clarified that such attachment will likely be legitimate for one 12 months.
“This will facilitate the release of provisionally attached properties after the expiry of the period of one year, without need for a separate specific written order from the Commissioner,” the assertion mentioned.
“There have been many instances wherein orders under the GST had been uploaded on the portal. However, the trade was not aware of the same.
“Hence, the time restrict of three months had lapsed. This state of affairs was creating numerous points for the assesses. This transfer will certainly assist the commerce and guarantee a discount in writ petitions for a similar,” mentioned Parag Mehta, Partner, Indirect Tax, NA Shah Associates.
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