Kerala GST Department issues instructions for Settlement of arrears under Amnesty Scheme, 2020 [Read Circular]

Kerala GST Department - Settlement arrears,Amnesty Scheme - GST - Taxscan

The Kerala GST Department issued further instructions for the settlement of arrears under the Amnesty Scheme, 2020.

The office of Commissioner of KGST in the light of Kerala Finance Bill, 2020 to ensure uniformity in carrying out the amendments made in various Acts and conditions in respect of Amnesty Scheme, 2020.

Now, the State Government has brought about certain amendments. Hence the instructions already issued from the office stand modified in accordance with the Kerala Finance Act, 2020.

Firstly, options to avail of the amnesty scheme should be made on or before 30th November 2020.

Secondly, the last date for payment of the amount determined under the scheme shall be 31st March, 2021.

Thirdly, if the assessee opts to pay arrears under Amnesty Scheme, 2020 in installments, 20% of the arrears shall be paid as 1st installment within 30 days of receipt of the intimation and the balance amount shall pay in installments, subject to a maximum of four installments.

Fourthly, the tax remaining unpaid as on the date of option, under section 47(1)(a) of Kerala General Sales Tax Act, 1963, section 17B(1)(a)  of the Kerala Tax on Luxuries Act, 1976, and section 74(1)(a) of the Kerala Value Added Tax Act, 2003 pursuant to the payment of compounding fee mentioned therein can also be settled under this scheme.

Lastly, where, any time limit has been specified in, or prescribed under the Kerala General Sales Tax Act, 1963, Kerala Agricultural Income Tax Act, 1991, Kerala Tax on Luxuries Act, 1976 (repealed), and Kerala Value Added Tax Act, 2003, terminates on the 31 st day of March, 2020 for the Completion of any proceeding or passing of any order or issuance of any notice relating to any assessment, proceeding to determine any tax penalty or other amounts under the provisions of the said Act and where completion or compliance or such action has not been made within such time, then, the time limit for completion or compliance of such action has been extended to the 31 March 2021.

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