Indirect Taxes Study Circle Meeting on Analysis and discussion on Issues related to Waiver Scheme u/s 128A and regularisation of ITC under Sec 16(5) & Sec 16(6) (Virtual Mode)

GST Council in its 53rd meeting recommended insertion of Section 128A of the CGST Act, giving relief to the registered person from interest and penalties for the financial years 2017-18 to 2019-20 under section 73 of the CGST Act. Additionally, the GST Council also recommended that the time-limit to avail input tax credit w.r.t. any invoice or debit note under Section 16(4) of CGST Act, through any GSTR 3B return filed upto 30.11.2021 for FY 2017-18, 2018-19, 2019-20 and 2020-21, may be deemed to be 30.11.2021.

Subsequently Section 128A, Sec 16(5) & Sec 16(6) was introduced in CGST Act, 2017 vide Finance (No.2) Act, 2024.

The Scheme was made effective from 1st November 2024. However, the forms SPL-01 and SPL-02 were implemented on the GST portal January 2025 onwards.

To analyse and discuss the Issues related to Waiver Scheme u/s 128A and regularisation of ITC under Sec 16(5) & Sec 16(6), the IDT Committee of The Chamber of Tax Consultants has organized a virtual Study Circle Meeting on the same. The Study Circle will focus on the following:

The details of the study circle meeting are as under:

Meeting Details
Day & Date	Wednesday, 29th January 2025
Time	5.00 pm to 7.00 pm
Topic	Analysis and discussion on Issues related to Waiver Scheme u/s 128A and regularisation of ITC under Sec 16(5) & Sec 16(6)
Group Leader	CA Archit Agarwal
Chairman	Adv Harsh Shah

Participation Fees:-
For IDT Study Circle Members: NIL
CTC Members – Rs. 200/- + Rs. 36/- (GST) = Rs. 236/-
Non-Members – Rs. 400/- + Rs. 72/- (GST) = Rs. 472/-

Participation Fees to be paid online on the website: CLICK HERE to make payment.

Zoom link will be shared nearing to the event.

Looking forward for your active participation.