Tax Professionals demand One Time GST Amnesty Scheme for Section 16(4) [Read Representation]

Mopidevi Venkata Ramana Rao, former Minister of Andhra Pradesh and current Member of Parliament, addresses a critical issue that affects businesses across India. In a letter to Hon’ble Finance Minister Nirmala Sitaraman, he advocates for the resolution of issues concerning Section 16(4) of the Goods and Services Tax Act of 2017.

The Andhra Pradesh Tax Practitioners and Consultants Association’s representation sheds light on the pressing issue of Section 16(4) in the GST Act, which prohibits registered individuals from claiming input tax credit after the due date for filing returns, resulting in significant repercussions for businesses nationwide. Many businesses, despite genuine efforts, have faced demand notices due to inadvertent errors during the GST implementation phase.

The Text of the Letter are as follows:

I hope this letter finds you well. Enclosed herewith is a representation letter dated 11-03-2024 from the Andhra Pradesh Tax Practitioners and Consultants Association, highlighting a critical issue affecting businesses across India.

The Association has earnestly requested the grant of One Time Amnesty for Section 16(4) in the Goods & Services Tax Act, 2017, covering the period from 1st July 2017 to 31st March 2023. The essence of their plea revolves around the challenges faced by businesses nationwide due to notices issued by the Department regarding non-compliance with provisions outlined in Section 16(4) within the stipulated timeframe as mandated by the Act.

The repercussions of non-compliance have been significant, leading to unnecessary litigations and disruptions in business operations. By addressing this issue, not only will it alleviate the burden on businesses in Andhra Pradesh but also extend its benefits across the entire nation.

In light of the representation received and the potential positive impact it could have on the business fraternity, I urge you to give due consideration to this request. Taking necessary steps to provide amnesty under Section 16(4) would not only foster compliance but also promote a conducive environment for business growth and development.

Your prompt attention and action on this matter would be highly appreciated and would undoubtedly contribute to the welfare of businesses nationwide.

I request you to please consider the representation and do needful, Looking forward to your positive action in the Matter.

For the Official Letter Download PDF Given Below: