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Notification No. 24/2023 – Central Tax: Extend Amnesty

by | Jan 15, 2024 | GST, 2023 Notifications, Central Tax 2023 Notifications, Notifications | 0 comments

Notification No. 24/2023 – Central Tax Extend Amnesty

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Important Keywords: Notification No. 24/2023 – Central Tax, Extend amnesty scheme for deemed withdrawal of assessment orders, Section 62, F. No. CBIC-20006/10/2023-GST, Section 148 CGST, Notification No. 24/2023 CT, Notification No. 06/2023 CT,

Words: 305; Read time: 2 minutes.

[F. No. CBIC-20006/10/2023-GST]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS

New Delhi, the 17th July, 2023

Notification No. 24/2023 – Central Tax: Seeks to extend amnesty scheme for deemed withdrawal of assessment orders issued under Section 62

GST: [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

G.S.R (E).— In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, the Ministry of Finance (Department of Revenue), No. 06/2023– Central Tax, dated the 31st March, 2023 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 249(E), dated the 31st March, 2023, namely: —

In the said notification, for the words, letter and figure “30th day of June, 2023” the words, letter and figure “31st day of August, 2023” shall be substituted.

2. This notification shall be deemed to have come into  force  with effect from the 30th day of June, 2023.

(Alok Kumar)
Director

Note: The principal notification No. 06/2023– Central Tax, dated the 31st March, 2023 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 249(E), dated the 31st March, 2023.

Frequently Asked Questions (FAQs)

  1. What is Notification No. 24/2023 – Central Tax about?

    Notification No. 24/2023 – Central Tax announces the extension of the amnesty scheme for deemed withdrawal of assessment orders issued under Section 62.

  2. How does Section 62 relate to Notification No. 24/2023 – Central Tax?

    Section 62 allows for the assessment of taxpayers when they fail to file returns, and Notification No. 24/2023 – Central Tax provides an opportunity to withdraw such assessments under an extended amnesty scheme.

  3. What is the significance of F. No. CBIC-20006/10/2023-GST in this context?

    F. No. CBIC-20006/10/2023-GST references the official circular that outlines the implementation details of Notification No. 24/2023 – Central Tax and the conditions for the amnesty scheme.

  4. Can you explain the connection between Section 148 CGST and the amnesty scheme?

    Section 148 CGST pertains to the issuance of notices for assessment, and the amnesty scheme under Notification No. 24/2023 – Central Tax offers relief to those who received such notices by allowing withdrawal of associated assessment orders.

  5. What are the benefits of the extended amnesty scheme in Notification No. 24/2023 CT?

    The extended amnesty scheme in Notification No. 24/2023 CT allows taxpayers to rectify their tax compliance without penalties, helping to ease financial burdens and promote adherence to tax regulations.

  6. How does Notification No. 06/2023 CT relate to the amnesty scheme?

    Notification No. 06/2023 CT precedes Notification No. 24/2023 – Central Tax and lays the groundwork for the amnesty scheme, highlighting the government’s ongoing effort to facilitate taxpayer compliance.

  7. Who is eligible for the amnesty scheme under Notification No. 24/2023 – Central Tax?

    All taxpayers who have received assessment orders under Section 62 are eligible for the amnesty scheme, allowing them to withdraw these orders without facing penalties.

  8. What steps should taxpayers take to benefit from the amnesty scheme?

    Taxpayers should promptly file their applications as per the guidelines provided in Notification No. 24/2023 – Central Tax to avail themselves of the benefits of the extended amnesty scheme.

  9. Is there a deadline for applying to the amnesty scheme under Notification No. 24/2023 CT?

    Yes, taxpayers must ensure their applications are submitted within the timeframe specified in Notification No. 24/2023 CT to qualify for the amnesty scheme.

  10. What is the impact of the extended amnesty scheme on tax compliance?

    The extended amnesty scheme under Notification No. 24/2023 – Central Tax encourages greater tax compliance by providing a chance for taxpayers to rectify their situations without incurring penalties, ultimately fostering a more transparent tax environment.

The above content & below document is sourced from: https://taxinformation.cbic.gov.in/

Notification No. 24 2023 – Central Tax Extend AmnestyDownload

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