If your business is sitting on an old GST demand, there may be relief. The GST amnesty scheme under Section 128A offers a waiver of interest and penalty on certain past demands — provided you pay the underlying tax within the window.
The core deal
For eligible demands from the earlier years of GST, if you pay the full tax amount by the notified date, the associated interest and penalty can be waived. It's a chance to close a lingering dispute cheaply.
Who it helps
- Businesses with old GST demands they've been carrying.
- Those wanting to settle a dispute without the interest/penalty burden.
- Anyone looking to clean up their compliance record.
Things to check
Amnesty schemes are time-bound and apply only to specified periods and types of demands. Eligibility conditions and deadlines are strict, and the waiver usually requires withdrawing related appeals.
If you have an old GST demand, an amnesty window can save you a lot — but only if you act within the deadline and meet the conditions. Get your specific case assessed before the window closes.
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This article is for general information based on rules current at the time of writing and is not professional advice. Rules change — confirm specifics with a GovYapar expert before acting.
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