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
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience.
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.
CAclubindia
