Amnesty Scheme – Maharashtra Settlement of Dues of Tax, Interest, Penalty or Late Fee Scheme 2022

Maharashtra Government 11. To^th In March 2022, the Sales Tax Department has announced “Amnesty Scheme 2022” to settle various old cases. Shri Ajit Pawar, Deputy Chief Minister of Maharashtra. Announces Amesti Scheme for Sales Tax Matters to^th March 2022. The due date for disposal of sales tax cases will be effective from April 1^{scheduled tribe}2022 to 30th September, 2022.

The state government has notified Maharashtra Settlement of Dues of Tax, Interest, Penalty or Late Fee Scheme, 2022.

The state government is of the view that since the last two years the whole world is suffering from the pandemic which has affected the business and entrepreneurs so hard that many businesses have been shut down forever. The pandemic has had an adverse effect on the economic development of our country. On various taxes levied by the Amnesty Scheme, 2022, to provide relief to the industry and trade sector sales tax The department has been introduced before the introduction of the Goods and Services Tax (GST Act, 2017).

Amnesty Scheme, 2022 is applicable to all pending dues for the period up to 31/06/2017, i.e. before the introduction of the GST Act, 2017. In opt-in for this scheme, appeals filed by dealers by 31^{scheduled tribe} To be withdrawn unconditionally by March, 2022.

The Amnesty Scheme, 2022 provided relief to the dealers in two parts namely:

1. Dues of INR 10.000 or less per annum are completely waived off as per any statutory order passed under various tax laws enforced by the department. This will benefit small dealers in about 1 lakh cases.

• Dealers who have an outstanding of Rs 10 lakh or less as on April 1, 2022, will have the option to pay 20% of the total dues in a lump sum. The remaining 80 percent of the outstanding amount will be waived off. As a result, medium dealers will be benefited in about 2.20 lakh cases.

• Other dealers with sales tax of Rs 10 lakh or more, who do not opt ​​for the lump sum option, will have to pay 100 per cent undisputed tax, 30 per cent disputed tax, 10 per cent interest and 5 per cent penalty. period up to 31 March 2005. For the period from 1 April 2005 to 30 June 2017, this ratio would be 50% of the disputed tax, 15% of the interest and 5% of the penalty. On making payment as per above ratio. Dues will be waived.

to take advantage of amnesty plan, 2022, the dealer has to pay the required amount in one go within the stipulated time period mentioned above. However, dealers who have an outstanding of more than Rs. Option to pay requisite dues in 50 lakh installments has been provided.