JAMMU: Under the direction of Lieutenant Governor Manoj Sinha, the Administrative Council (AC) convened here and approved a proposal from the Finance Department to grant amnesty for the settlement of tax arrears related to the pre-GST regime. Attending the meeting were Mandeep Kumar Bhandari, the Lieutenant Governor’s principal secretary, Atal Dulloo, the chief secretary, and Rajeev Rai Bhatnagar, the advisor. In addition to returning the government’s blocked revenue, this action will relieve tax payers by waiving interest and penalties. Due to a number of factors, including the Covid-19 pandemic, dealers were previously unable to benefit from the previous amnesty programme established by Government order no. 39-FD of 2018, dated 05/02/2018.iii) The government-to-be-notified scheme will waive the interest and penalty in (i) and (ii), provided that 100% of the principal tax is paid in the required manner and within the allotted time. iv) Resolving demands for industrial units under the Central Sales Tax Act, 1956, the J&K General Sales Tax Act, 1962 (up to 07/07/2017 and 31/08/2017 for liquor-dealing units), and the repealed J&K Value Added Tax Act, 2005 (up to 2017–18) (up to 07/07/2017), with regard to assessed/re-assessed demands, including cases that have not yet been assessed but must meet specific requirements to be notified in the scheme. The government’s decision will minimise tax dispute cases and conclude pre-GST cases, among other things. Applications for this amnesty must be submitted no later than six months after the date an order in this regard is issued.
