Deepak Kumar Singh
0 comments February 23, 2025

GST Portal made Live New form SPL 02: Advisory for Waiver Scheme Under Section 128A

WAIVER SCHEME UNDER SECTION 128A

For reducing the tax disputes and to provide a big relief to the taxpayers, GST Council in its 53rd meeting held on 22nd June, 2024 had recommended for waiver of interest and penalties in the demand notices or orders issued under Section 73 of the CGST Act, 2017 (i.e. the cases not involving fraud, suppression or wilful misstatement, etc.) for the Financial years 2017-18, 2018-19 and 2019-20. To avail this waiver, the condition is that the full tax demanded is paid on or before 31.03.2025.

In view of the above, Rule 164 of CGST rules, 2017 was notified through Notification No. 20/2024 dated. 8th October 2024, effective from 1st November 2024. This rule provides procedural guidelines for the said waiver scheme. As per the waiver scheme, if a notice or order is issued under Section 73 for the financial years 2017-18, 2018-19 and 2019-20, the taxpayers are required to file an application in FORM GST SPL-01 or FORM GST SPL-02. for this SPL-02 form is made available on GST Portal from 29th December 2024 onwards

Applicability of the Waiver Scheme:The waiver scheme applies to demand notices, statements, or orders issued under Section 73 for the tax periods spanning July 2017 to March 2020.Taxpayers are required to file applications for the waiver scheme through specific forms on the GST portal:Form GST SPL-01: (To be made available soon on the GST portal).Form GST SPL-02: (Currently available for electronic filing)

Filing Process for Form GST SPL-02: Detailed instructions for electronically filing Form GST SPL-02 are provided in the following document:Help Document for Filing Reporting Issues:Taxpayers encountering difficulties with the waiver scheme can report their concerns by raising a ticket at:GST Self-Service Portal select the category “Issues related to Waiver Scheme” while submitting the ticket.Note: Ensure timely filing of the requisite forms to avail benefits under the waiver scheme. Keep track of updates regarding the availability of Form GST SPL-01 on the GST portal.

Contact us for help

Deepak Kumar Singh

Deepak Kumar Singh Founder & Senior Business Consultant Singh and Associates With over 6 years of comprehensive experience in the fields of taxation, accounting, and corporate law, Deepak Singh is the founder and senior consultant at **Singh and Associates**, a leading advisory firm providing a wide range of business services. Over the years, Deepak has built a solid reputation for his expertise in complex tax issues and his commitment to delivering practical, effective solutions to both businesses and individuals. Deepak’s core specialization lies in **GST (Goods and Services Tax)**, **Income Tax**, and **litigation-related matters**. His deep understanding of these areas allows him to assist clients with tax planning, compliance, and dispute resolution. He has successfully represented numerous clients in tax-related audits and legal proceedings, ensuring they navigate the intricate landscape of tax laws with ease and stay fully compliant with the latest regulations. Beyond taxation, Deepak has gained significant experience in **company incorporation** and **compliance management**. He provides end-to-end support for businesses, helping them with the process of establishing a legal entity, ensuring proper registration, and adhering to the necessary corporate governance and statutory compliance requirements. His expertise helps companies maintain smooth operations by staying on top of regulatory changes and fulfilling their legal obligations. In addition to his taxation and corporate services, Deepak has an in-depth understanding of **labor law litigation**, where he assists businesses in managing employment-related disputes. Whether handling issues related to labor contracts, employee disputes, or ensuring compliance with labor laws, Deepak helps businesses navigate these challenges to avoid potential risks and liabilities. Deepak is also highly experienced in **transfer pricing**, offering businesses advisory services on international transactions and cross-border taxation. He ensures that clients maintain compliant and tax-efficient pricing structures, minimizing their exposure to risks in the global market. As the founder of **Singh and Associates**, Deepak takes a client-centric approach, offering personalized, strategic guidance to address each client’s unique needs. His proactive approach, combined with his ability to translate complex tax and legal concepts into actionable advice, has earned him the trust of clients across various sectors. Known for his attention to detail and comprehensive knowledge of business law, Deepak is committed to providing results-oriented services that help businesses achieve financial growth while ensuring regulatory compliance. His firm, **Singh and Associates**, has established itself as a reliable partner for businesses seeking expert guidance on taxation, legal matters, and corporate compliance. Deepak is dedicated to staying updated with the latest developments in tax and business law. His ongoing commitment to professional growth ensures that Singh and Associates remains at the forefront of industry trends, offering innovative and compliant solutions to meet the evolving needs of businesses in today’s competitive landscape.

previous post next post

Leave a comment

Your email address will not be published. Required fields are marked *

Singh & Assoicates

Empowering businesses with expert solutions for compliance, registration, and growth. Join us on social media to stay connected and grow together!

Contact us

© 2024 Singh & Associates | All Rights Reserved.