Maharashtra launches Amnesty Scheme for Arrears of Tax and Penalty prior to GST regime [Read Circular]

The Maharashtra Government has launched an amnesty scheme to settle the penalty or Late fee under various Acts and services tax department of tax, interest, penalty or late fee.

The Goods and Services Tax Act has come into force with effect from 1^st July 2017. In order to reduce the pending litigations and unlock the outstanding dues under the erstwhile Maharashtra Value Added Tax Act, Central Sales Tax Act, 1956, Maharashtra State Tax on Professions, Trades, Callings, and Employments Act, 1975, and other repealed Acts, the Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2022 has been enacted. The salient features of this Settlement Act have been explained in this Circular.

As per the circular issued on Wednesday, this Settlement Act shall be applicable for the settlement of arrears of tax, interest, penalty and late fee under the various Acts administered by the Department. Arrears of tax, interest, penalty or late fee for the periods ending upto 30th June 2017 under the following Acts, referred as “Relevant Act’ in section 2(1)(k)] are eligible for settlement under this Act -the Central Sales Tax Act, 1956; the Bombay Sales of Motor Spirit Taxation Act, 1958; the Bombay Sales Tax Act, 1959; the Maharashtra Purchase Tax on Sugarcane Act, 1962; the Maharashtra State Tax on Professions, Trades, Callingsand Employments Act, 1975; the Maharashtra Sales Tax on the Transfer of Right to use any Goods.* cmv Purpose Act, 1985; the Maharashtra Tax on Entry of Motor Vehicles into Local A reasAct, 1987; the Maharashtra Tax on Luxuries Act, 1987; the Maharashtra Sales Tax on the Transfer of Property in Goodsinvolved in the Execution of Works Contract (Re-enacted) Act, 1989; the Maharashtra Tax on the Entry of Goods into Local Areas Act; 2002; and the Maharashtra Value Added Tax Act, 2002.

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