Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019

Terms of use

Terms of Use

The use of this site and the content contained therein is governed by the Terms of Use. When you use this site you acknowledge that you have read the Terms of Use and that you accept and will be bound by the terms hereof and such terms as may be modified from time to time.

All text, graphics, audio, design and other works on the site are the copyrighted works of nasscom unless otherwise indicated. All rights reserved.
Content on the site is for personal use only and may be downloaded provided the material is kept intact and there is no violation of the copyrights, trademarks, and other proprietary rights. Any alteration of the material or use of the material contained in the site for any other purpose is a violation of the copyright of nasscom and / or its affiliates or associates or of its third-party information providers. This material cannot be copied, reproduced, republished, uploaded, posted, transmitted or distributed in any way for non-personal use without obtaining the prior permission from nasscom.
The nasscom Members login is for the reference of only registered nasscom Member Companies.
nasscom reserves the right to modify the terms of use of any service without any liability. nasscom reserves the right to take all measures necessary to prevent access to any service or termination of service if the terms of use are not complied with or are contravened or there is any violation of copyright, trademark or other proprietary right.
From time to time nasscom may supplement these terms of use with additional terms pertaining to specific content (additional terms). Such additional terms are hereby incorporated by reference into these Terms of Use.

Disclaimer

The Company information provided on the nasscom web site is as per data collected by companies. nasscom is not liable on the authenticity of such data.
nasscom has exercised due diligence in checking the correctness and authenticity of the information contained in the site, but nasscom or any of its affiliates or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this site. The information from or through this site is provided "as is" and all warranties express or implied of any kind, regarding any matter pertaining to any service or channel, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non-infringement are disclaimed. nasscom and its affiliates and associates shall not be liable, at any time, for any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communications line failure, theft or destruction or unauthorised access to, alteration of, or use of information contained on the site. No representations, warranties or guarantees whatsoever are made as to the accuracy, adequacy, reliability, completeness, suitability or applicability of the information to a particular situation.
nasscom or its affiliates or associates or its employees do not provide any judgments or warranty in respect of the authenticity or correctness of the content of other services or sites to which links are provided. A link to another service or site is not an endorsement of any products or services on such site or the site.
The content provided is for information purposes alone and does not substitute for specific advice whether investment, legal, taxation or otherwise. nasscom disclaims all liability for damages caused by use of content on the site.
All responsibility and liability for any damages caused by downloading of any data is disclaimed.
nasscom reserves the right to modify, suspend / cancel, or discontinue any or all sections, or service at any time without notice.

For any grievances under the Information Technology Act 2000, please get in touch with Grievance Officer, Mr. Anirban Mandal at data-query@nasscom.in.

New

See all

No notification found.

Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019

Tejasvi

@tejasvi

March 26, 2019

Public Policy

3486

Maharashtra State government, vide Trade Circular No 9T of 2019 dated March 8, 2019 has promulgated the Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019 with a view to reduce arrears of tax, interest, penalty or late fees under various Acts administered by the Maharashtra Goods and Services Tax (MGSTD). The scheme will be relevant for companies who may be having arrears of penalty and interest under Maharashtra State taxes. It will also apply to a person not registered under the relevant laws and to person who had availed benefit under any of the previous amnesty schemes.

Key features of the scheme are:

The scheme is for settlement of arrears of tax, interest, penalty or late fee under the following laws:

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 Profession, Trades, Callings and Employments Act, 1975;
The Maharashtra Sales Tax on the Transfer of Right to use any Goods for any Purpose Act, 1985;
The Maharashtra Tax on Entry of Motor Vehicles into Local Areas Act, 1987;
The Maharashtra Tax on Luxuries Act, 1987;
The Maharashtra Sales Tax on the Transfer of Property in Goods involved in the Execution of Works Contract (Re-enacted) Act, 1989;
The Maharashtra Tax on Entry of goods into Local Areas Act, 2002; and
Maharashtra Value Added Tax Act, 2002 (MVAT Act).

Scheme cover arrears in relation to statutory order, recommendations in audit report, returns/revised returns, notices or self-assessed dues pertaining to the period:

Up to March 31, 2010. Arrears pertaining to this period shall be settled with higher waiver of disputed tax and other dues vis-a-vis the subsequent period
April 1, 2010 to June 30, 2017

The scheme will be introduced in two phases:

April 1, 2019 to June 20, 2019 – Settlement during this phase shall be eligible for higher waiver of disputed tax and other dues as compared to subsequent phase
July 1, 2019 to July 31, 2019

For filing application under the scheme, appeals pending before various forums including Tribunal or Court is required to be withdrawn unconditionally either wholly or partly.

The Circular specifies the conditions to be satisfied and procedure to be followed for claiming the benefit. The extent to which benefit of waiver is available has also been specified in the annexure appended to the Ordinance.

Copy of the Circular is also attached for your reference.

Disclaimer

That the contents of third-party articles/blogs published here on the website, and the interpretation of all information in the article/blogs such as data, maps, numbers, opinions etc. displayed in the article/blogs and views or the opinions expressed within the content are solely of the author's; and do not reflect the opinions and beliefs of NASSCOM or its affiliates in any manner. NASSCOM does not take any liability w.r.t. content in any manner and will not be liable in any manner whatsoever for any kind of liability arising out of any act, error or omission. The contents of third-party article/blogs published, are provided solely as convenience; and the presence of these articles/blogs should not, under any circumstances, be considered as an endorsement of the contents by NASSCOM in any manner; and if you chose to access these articles/blogs , you do so at your own risk.

Download Attachment

Tejasvi

Call for Inputs: SEBI's consul...

Swapnil