The Kerala State Goods and Services Tax (GST) department has invited options towards the tax amnesty scheme as announced by the Finance Minister in the state budget last week.
As announced in the budget earlier this month, the amnesty scheme would provide options for tax arrears clearance can be submitted for various taxes including Kerala value added tax, central sales tax, agriculture tax, general sales tax, luxury tax and surcharge etc., that had been in existence prior to the introduction of GST. Exemption of 100% would be given on interest and fine. However, for arrears under Kerala general sales tax, only fine is exempted for arrears after 2005.
As per a statement released by the department, those who pay the arrears in lump sum can claim 40% reduction in tax arrears and for those who pay it in instalment would be eligible for 30% reduction in the arrears amount.
The tax arrears details of traders are available on the GST department website. To submit for the amnesty option, the taxpayers should visit www.keralataxes.gov.in and complete a one-time registration.
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