Quick Summary
The Maharashtra government has announced a GST Amnesty Scheme to waive interest and penalties on pending liabilities for the fiscal years 2017 to 2020. Deputy Chief Minister Ajit Pawar unveiled the scheme in the state legislature, urging businesses and taxpayers to settle their dues before the deadline of March 31, 2025, to avoid additional charges. Key Highlights of the Amnesty Scheme Scope of Disputed Amount: The total disputed GST amount for Maharashtra stands at approximately ₹54,00
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FAQ :
It's a scheme launched by the Maharashtra government to waive interest and penalties on pending GST liabilities for the fiscal years 2017 to 2020.
The scheme aims to waive approximately £27,000 crore in interest and penalties on disputed GST amounts.
Taxpayers must settle their dues and apply for the scheme before the deadline of March 31, 2025.
The total disputed GST amount in Maharashtra is approximately £54,000 crore, which includes £27,000 crore in core tax and £27,000 crore in interest and penalties.
The government is conducting awareness campaigns targeting taxpayers, legal professionals, chartered accountants, and the general public to educate them about the scheme's benefits.
The state anticipates recovering about 20% of the disputed amount, which is estimated to be between £5,500-£6,000 crore.
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