Advisory for Waiver Scheme under Section 128A

The GST Network (GSTN) has issued an important advisory concerning the Waiver Scheme under Section 128A. Taxpayers are strongly advised to review the details and follow the necessary steps to avail of the benefits offered under this scheme.

Key Highlights of the Advisory

1. Reference to the Advisory Issued by GSTN

GSTN released an advisory on November 8, 2024, providing comprehensive guidance on the Waiver Scheme. Taxpayers can access the official advisory using the link below:

GSTN Advisory – Waiver Scheme

2. Scope of the Waiver Scheme

The scheme is applicable to demand notices, statements, or orders issued under Section 73 for tax periods between July 2017 and March 2020.
Eligible taxpayers must submit their applications via the GST portal using one of the following forms:
- FORM GST SPL-01
- FORM GST SPL-02
Currently, FORM GST SPL-02 is available on the GST portal. The availability of FORM GST SPL-01 will be announced soon.

3. Filing FORM GST SPL-02

Taxpayers can file FORM GST SPL-02 electronically on the GST portal.
A detailed guide for filing this form is provided in the help document linked below: Help Document on Filing FORM GST SPL-02

4. Resolving Issues

If taxpayers encounter challenges while filing the forms or utilizing the scheme, they can report the issues through the GST Self-Service Portal.
To report an issue, raise a ticket under the category: “Issues related to Waiver Scheme” at the link below: GST Self-Service Portal

Conclusion

The Waiver Scheme under Section 128A provides taxpayers with a significant opportunity to address past tax obligations effectively. Taxpayers should act promptly and follow the advisory guidelines to maximize the benefits of the scheme. Transitioning smoothly into compliance will ensure a hassle-free experience.

Stay updated by visiting the official GSTN portal regularly for the latest information.

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This article is only a knowledge-sharing initiative and is based on the Relevant Provisions as applicable and as per the information existing at the time of the preparation. In no event, RMPS & Co. or the Author or any other persons be liable for any direct and indirect result from this Article or any inadvertent omission of the provisions, update, etc if any.

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