Kerala GST Dept issues Circular on GST 2024 Amnesty Scheme, Reduces Waiver Benefit

The Kerala GST Department issued a circular on the 2024 GST Amnesty Scheme, significantly reducing the waiver benefit. The original scheme, designed to offer relief by reducing penalties, interest, and late fees for taxpayers with outstanding GST liabilities, has been revised. The circular limits the waiver’s scope, aiming to ensure that only genuine cases benefit. The new conditions tighten compliance requirements, reducing the number of taxpayers eligible for full waivers. This move is seen as a balancing act between offering relief and ensuring the state's revenue base remains intact, especially amid financial strains.