File SPL 02 for waiver of Interest & Penalty under GST | 128A | GST Amnesty Scheme

Summary

This video explains how to benefit from the GST Amnesty Scheme, which allows individuals to waive penalties and interest on demand orders under Section 73 and 74. The presenter details the process of filing the SPL 02 form on the GST portal, including important steps such as verifying demand order details and attaching supporting documents. The scheme covers financial years from 2017-18 to 2020-21, and taxpayers can avoid penalties if they pay taxes by March 31, 2025. The video also promotes courses for enhancing knowledge in GST, Income Tax, and accounting.

Takeaways

• 😀 The government has provided an amnesty scheme under GST to waive penalties and interest for notices and demand orders under Section 73.
• 😀 To avail the benefit of the amnesty scheme, two forms, SPL 01 and SPL 02, were required, and SPL 02 is now available on the GST portal.
• 😀 The scheme covers demand orders from the financial years 2017-18 to 2019-20, where penalties and interest can be waived if the tax is paid by March 31, 2025.
• 😀 The process to file SPL 02 includes logging into the GST portal, selecting the application for waiver, and filling out necessary details about the demand order.
• 😀 When filing SPL 02, users need to answer questions about whether the demand order was issued through the GST portal, whether an appeal was filed, and other related details.
• 😀 The application requires providing information on the amount demanded, payment details (if any), and any claims for input tax credit under certain sections (164, 165, 166).
• 😀 For demand orders received via the GST portal, some details are auto-filled, while for manual orders, users must input the data manually.
• 😀 Supporting documents related to the demand orders can be attached to the application, with a size limit of up to 5 MB per document.
• 😀 After filling out the application and verifying it, users must submit the form to avail the amnesty scheme and save on penalties and interest.
• 😀 CA Pooja encourages sharing the video to help others who might benefit from the amnesty scheme and provides resources for further understanding GST changes.

Q & A

What is the GST amnesty scheme mentioned in the video?

The GST amnesty scheme allows individuals to waive off penalties and interest on demand orders under Section 73 and 74 of GST, provided they pay the due tax by March 31, 2025.

Which forms are required to claim the benefit of the GST amnesty scheme?

The two required forms for claiming the benefit are SPL 01 and SPL 02. SPL 02 is now available on the GST portal, and SPL 01 will be available soon.

What is the deadline to avail of the GST amnesty scheme?

The last date to take action under the GST amnesty scheme is March 31, 2025.

Which financial years are covered under the GST amnesty scheme?

The scheme covers financial years from 2017-18 to 2020-21.

How can one file the SPL 02 form on the GST portal?

To file SPL 02, you need to log in to the GST portal, go to 'Services,' then 'My Applications,' and select 'Application for Waiver Scheme under Section 128.' From there, you can proceed with creating a new application.

What are the main differences between SPL 01 and SPL 02 forms?

SPL 01 is filed for the waiver of interest and penalties under Section 128(1)(a), while SPL 02 is filed when you want to waive off penalties or interest under Sections 128(1)(b) and 128(1)(c) for demand orders.

What information is required when filing SPL 02?

When filing SPL 02, you will need to provide details about the demand order, such as whether it was issued online or manually, any appeal filed against the order, the amount demanded, and any payments already made.

What are the benefits of filing for the GST amnesty scheme?

The primary benefit of filing under the GST amnesty scheme is the waiver of penalties and interest on demand orders, reducing the financial burden for taxpayers.

Is there any provision for claiming Input Tax Credit (ITC) under the GST amnesty scheme?

Yes, if you were denied ITC under Section 164 but are eligible due to the amendment in Sections 165 or 166, you can claim the ITC as part of the GST amnesty scheme, specifically for the financial years 2017-18 to 2020-21.

What documents are required to file the SPL 02 form?

You need to upload supporting documents along with the SPL 02 form. The portal allows a maximum of 5 documents, each with a size limit of 5 MB.