GST Amnesty Scheme
What is GST Amnesty Scheme? The word ‘Amnesty’ means – grant an official pardon to. In the 43rd GST Council Meeting, the finance ministry brought out the GST Amnesty Scheme to provide relief to taxpayers regarding late fees for pending returns. It basically reduces the tax burden off taxpayers during the pandemic. This scheme is valid from June 1, 2021 to August 31, 2021.
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