As per new Finance Minister may consider One time GST Amnesty scheme. The Goods and Services Tax (GST) Council may consider one-time amnesty scheme to facilitate exit for ‘nil’ filers and non-filers. Talking about GST non filer numbers there around 25 lack NIL filer of which 2.5 lac appx. Assesses have never filed GST Return.
Under this scheme old tax payers who migrated from VAT / Service Tax / Excise will have option to exit from GST. Under old law registration applicability was 10 Lac for service tax.GST Amnesty scheme shall ensure all pending compliance are completed and option of exit is given to Assesses.Purpose of this scheme is