Indirect Taxes
- Customs
- Customs
- Advance Rulings
- Audit
- Background
- Classification of Goods under The Customs Tariff Act, 1975
- Customs Duty Drawbacks
- Date for Determining Rate of Duty and Valuation
- Demand, Recovery and Refund of Duty
- Interest
- Levy of Customs Duty
- Penalties
- Procedure of Import
- Prosecution
- Settlement of Cases
- Some Important Definitions
- Types of Duties
- Valuation of Goods
- Warehousing
- Goods and Services Tax (GST)
- Goods and Services Tax (GST)
- Accounts and Records
- Assessments and Audits
- Classification of Goods and Services
- E-Way Bill
- Input Tax Credit (ITC)
- Interest
- Penalties & Prosecution
- Place of Supply
- Refund
- Registration
- Relevant Circulars - Miscellaneous
- Returns
- Reverse Charge Mechanism under Goods and Services Tax (GST)
- Supply with Schedules
- Time of Supply
- Transitional Provisions
- Valuation of Supplies
- Maharashtra Profession Tax
- Maharashtra Value Added Tax
- Maharashtra Value Added Tax
- Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019
- Service Tax
AMNESTY SCHEME 2019
The State has unveiled an amnesty scheme for settlement of pre-GST state tax disputes to ensure that the government recovers Outstanding taxes and also clears the backlog of long pending assessments. Further, state has announced a settlement Scheme vide ordinance cited at Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019 vide Trade Circular No. 9T 2019 dated 8th March, 2019.
CHART
Details of extent of payment of the requisite amount on account of un-disputed tax, disputed tax, interest, penalty and late fee, and the waiver is given in the below table:
Table A : For the periods upto 31st March 2010.
|
Sr. No |
Particulars |
First Phase (Amount to be paid before 31st July, 2019) |
Second Phase (Amount to be paid before 31st August, 2019) |
||
|---|---|---|---|---|---|
|
Amount to be paid |
Amount to be waived |
Amount to be paid |
Amount to be waived |
||
|
(1) |
Un-disputed tax. |
100% |
0% |
100% |
0% |
|
(2) |
Disputed tax. |
50% |
50% |
60% |
40% |
|
(3) |
Interest payable as per any statutory order or returns or the revised returns. |
10% |
90% |
20% |
80% |
|
(4) |
Penalty as per any statutory order. |
5% |
95% |
10% |
90% |
|
(5) |
Post Assessment Interest or Post Assessment Penalty which is leviable but not levied till the date of application. |
0% |
100% |
0% |
100% |
|
(6) |
Late fee payable in respect of the returns filed during the period 1st April 2019 to the 31st July 2019. |
0% |
100% |
0% |
100% |
Table B : For the periods from 1st April 2010 to 30th June 2017.
|
Sr. No |
Particulars |
First Phase (Amount to be paid before 31st July, 2019) |
Second Phase (Amount to be paid before 31st August, 2019) |
||
|---|---|---|---|---|---|
|
Amount to be paid |
Amount to be waived |
Amount to be paid |
Amount to be waived |
||
|
(1) |
Un-disputed tax. |
100% |
0% |
100% |
0% |
|
(2) |
Disputed tax. |
70% |
30% |
80% |
20% |
|
(3) |
Interest payable as per any statutory order or returns or the revised returns. |
20% |
80% |
30% |
70% |
|
(4) |
Penalty as per any statutory order. |
10% |
90% |
20% |
80% |
|
(5) |
Post Assessment Interest or Post Assessment Penalty which is leviable but not levied till the date of application. |
0% |
100% |
0% |
100% |
|
(6) |
Late fee payable in respect of the returns filed during the period 1st April 2019 to the 31st July 2019. |
0% |
100% |
0% |
100% |
Note : For table A and B last date for submission of application for First Phase shall be 14th August, 2019 provided tax payment as above has been made on or before 31st July, 2019.