In a recent development, the Rajasthan GST Department has issued a Notification on February 08, 2024, introducing the much-anticipated Amnesty Scheme-2024. This scheme aims to provide substantial benefits 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.
Key Provisions of the Amnesty Scheme-2024:
The scheme, officially titled Amnesty Scheme-2024 is effective immediately and will remain in force until July 31, 2024.
The scheme applies to all dealers or individuals with outstanding demands or disputed amounts under various Acts until June 30, 2017, excluding those related to 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 outlines a structured table detailing conditions and the extent of rebate of tax and waiver of interest, penalty, and late fees for different categories of outstanding demands or disputed amounts.
To avail the amnesty benefits, applicants must electronically convey their willingness on the Commercial Taxes Department’s website www.rajtax.gov.in to the concerned Assessing Authority. Separate intimation is required for outstanding demands/disputed amounts under different Acts and before different Assessing Authorities.
Conditions include depositing the required amount, submitting an undertaking for withdrawal of pending cases before any Court, Tax Board, or Appellate Authority, and the prohibition of refunds related to rebate of tax and/or waiver under this scheme.
Cases under Amnesty Scheme-2023 involving payment in installments shall continue under the provisions of the previous scheme.
For cases pending under Amnesty Scheme-2023, willingness submitted under the prior scheme is deemed applicable to Amnesty Scheme-2024, with the amount to be paid communicated afresh.
The Amnesty Scheme-2024 introduced by the Rajasthan GST Department provides a valuable opportunity for dealers and individuals to settle outstanding demands and disputed amounts, offering significant rebates on taxes and facilitating a smoother resolution process. To take advantage of these benefits, eligible parties are encouraged to adhere to the outlined procedures and fulfill the necessary conditions within the scheme’s operative period.
For more detailed information and clarifications, individuals are advised to refer to the official notification and guidelines provided by the Commercial Taxes Department, Rajasthan.
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