Waiver Scheme in GST (Section 128A of CGST Act)
in Account & FinanceAbout this training
Waiver Scheme in GST (Section 128A of CGST Act)
– A One-Day Transformational Program
Overview
Understanding and complying with the evolving provisions of Goods and Services Tax (GST) is critical for organizations to maintain financial discipline and regulatory compliance. The Waiver Scheme under Section 128A of the CGST Act offers relief to businesses by waiving late fees and penalties under specified conditions.
This one-day training program aims to empower finance professionals, accountants, compliance officers, and business owners with clear, actionable insights into the scheme. The training adopts a structured, business-friendly approach combining technical knowledge with real-world application, ensuring participants leave confident and compliant.
Key Benefits of the GST Waiver Scheme Training
Financial Relief Awareness: Understand how to leverage the waiver scheme to minimize penalty exposure.
Compliance Confidence: Gain clarity on eligibility, conditions, and timelines under Section 128A.
Risk Mitigation: Learn how to avoid future defaults and non-compliance.
Strategic Application: Identify the best practices to implement waiver benefits effectively.
Enhanced Professional Value: Strengthen your profile as a tax-savvy and compliant professional.
Who Should Attend?
This program is ideal for:
Accounts, Finance & Taxation professionals.
GST Practitioners & Consultants.
Compliance and Legal Officers.
MSME Business Owners & Entrepreneurs.
Internal Auditors & Risk Management Teams.
Course Highlights
Understanding Section 128A – A Business Perspective
Background and purpose of Section 128A.
Key features of the waiver scheme.
Difference between waiver and exemption under GST.
Eligibility Criteria & Applicability
Categories of returns covered (GSTR-3B, GSTR-1, GSTR-10, etc.).
Tax periods and due dates under the scheme.
Types of taxpayers who can benefit.
Practical Compliance & Procedural Insights
Step-by-step process to avail the waiver.
Filing corrections and resolving pending returns.
Reconciliation and documentation checklist.
Impact Analysis for Business
Case studies on financial impact before and after waiver application.
Risk management in delayed compliance.
Cost-benefit analysis of opting for waiver scheme.
Ethical and Strategic Compliance Culture
Developing proactive compliance habits.
Ethical implications of non-compliance and penalty avoidance.
Aligning tax practices with organizational ethics and transparency.
Interactive Activities and Case Studies
Scenario Role-Play: Applying the waiver scheme in a simulated company setup.
Live Demonstration: Filing process walkthrough on the GST portal.
Group Discussion: Strategies for developing ethical compliance frameworks.
Case Studies: Real-world examples of waiver success stories and challenges.
Course Format
Duration: 1 Day
Delivery Method: Online or On-Site
Learning Style: Concept explanation, walkthroughs, role-play activities, and discussion groups.
Why Choose TheSkope Center for Excellence?
Expert Trainers: Chartered Accountants and GST experts with practical industry experience.
Customized Content: Tailored insights for different industry sectors.
Hands-on Learning: Practice-based learning with real data and examples.
Professional Recognition: Certificate of Completion provided to all participants.
Certification
Participants will receive a Certificate of Completion, certifying their understanding and readiness to implement the GST Waiver Scheme under Section 128A in real-world business environments.
