District Deputy Excise and Taxation Commissioner Sales Tax, Hanish Gupta, announced that the Haryana government is providing an opportunity for traders to waive interest and penalties on outstanding taxes before June 30, 2017. The One Time Settlement Scheme also includes concessions on the basic tax.
Traders with outstanding taxes predating 2017 can settle with the department by paying a lump sum amount. Under this scheme, the Haryana Government is completely waiving interest and penalties on outstanding taxes, offering substantial concessions on the basic tax.
Gupta emphasised that this opportunity allows district traders to settle their taxes. If the outstanding amount is less than Rs 10 lakh, it must be paid by March 30. For amounts between Rs 10 lakh to Rs 25 lakh, payment can be made in two instalments. Amounts exceeding Rs 25 lakh can be paid in three instalments through settlement with the department: 40 percent within the first 90 days, 30 percent in the next 90 days, and the remaining 30 percent in the last 90 days.
Awareness campaigns are being conducted in the district to inform traders about this scheme. Traders can obtain information and benefits by visiting the district’s sales tax department on any working day, with Excise and Taxation Officer Arun Kumar available at the Help Desk.
Gupta clarified that, before the introduction of GST, taxes were classified into four categories. Cases related to seven effective tax acts receive exemptions from interest and penalties. In non-disputed cases, taxpayers must pay 100 percent of the due amount without penalty and interest.
For disputed taxes below Rs 50 lakh, taxpayers need to pay 30 percent of the outstanding amount. In cases prescribed by the department, taxpayers will have to pay 60 percent for amounts less than Rs 50 lakh, with relief from penalties and interest. Due to differences in tax rates, taxpayers are required to pay only 30 percent of the total outstanding amount.