- The Karnataka State Tax Practitioners Association has requested an amnesty for all GST assesses for the years 2017-18 to 2019-20, citing the difficulties faced by businesses and tax practitioners in adapting to the new system.
- The association has asked for relief from interest and penalties and seamless input tax credit.
- The government had promised leniency for the mistakes of assesses in the earlier years of GST.
- The association also requests that officers adhere to Circular No. 123/42/2019 DT: 11/11/2019 and waive interest and penalties for three years.
- The government’s decision on the appeal could have broader implications for the nation’s tax regime.
Source Taxguru
