{"id":7835,"date":"2023-12-27T11:09:13","date_gmt":"2023-12-27T11:09:13","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=7835"},"modified":"2023-12-27T11:09:13","modified_gmt":"2023-12-27T11:09:13","slug":"ac-gives-amnesty-to-settle-tax-arrears-of-pre-gst-regime","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/ac-gives-amnesty-to-settle-tax-arrears-of-pre-gst-regime\/","title":{"rendered":"AC gives amnesty to settle tax arrears of pre GST regime"},"content":{"rendered":"

JAMMU: Under\u00a0<\/span><\/span>the\u00a0<\/span>direction\u00a0<\/span><\/span>of\u00a0<\/span><\/span>Lieutenant\u00a0<\/span>Governor\u00a0<\/span><\/span>Manoj\u00a0<\/span><\/span><\/a>Sinha<\/a>,\u00a0<\/span><\/span>the\u00a0<\/span>Administrative\u00a0<\/span>Council\u00a0<\/span><\/a><\/span>(AC)\u00a0<\/span><\/span>convened\u00a0<\/span><\/span>here\u00a0<\/span>and\u00a0<\/span><\/span>approved\u00a0<\/span><\/span>a\u00a0<\/span>proposal\u00a0<\/span><\/span>from\u00a0<\/span><\/span>the\u00a0<\/span>Finance\u00a0<\/span>Department\u00a0<\/span><\/span>to\u00a0<\/span>grant\u00a0<\/span><\/span>amnesty\u00a0<\/span><\/span>for\u00a0<\/span><\/span>the\u00a0<\/span>settlement\u00a0<\/span><\/span>of\u00a0<\/span><\/span>tax\u00a0<\/span>arrears\u00a0<\/span><\/span>related\u00a0<\/span><\/span>to\u00a0<\/span>the\u00a0<\/span><\/span>pre-GST\u00a0<\/span><\/span>regime.<\/span><\/span><\/span> <\/span><\/span><\/span>Attending\u00a0<\/span><\/span>the\u00a0<\/span>meeting\u00a0<\/span><\/span>were\u00a0<\/span><\/span>Mandeep\u00a0<\/span><\/span>Kumar\u00a0<\/span><\/span>Bhandari,\u00a0<\/span><\/span>the\u00a0<\/span>Lieutenant\u00a0<\/span><\/span>Governor’s\u00a0<\/span><\/span>principal\u00a0<\/span><\/span>secretary,\u00a0<\/span><\/span>Atal\u00a0<\/span><\/span><\/a>Dulloo<\/a>,\u00a0<\/span><\/span>the\u00a0<\/span>chief\u00a0<\/span><\/span>secretary,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>Rajeev\u00a0<\/span><\/span>Rai\u00a0<\/span><\/span>Bhatnagar,\u00a0<\/span><\/span>the\u00a0<\/span>advisor.<\/span><\/span><\/span> <\/span><\/span><\/span>In\u00a0<\/span><\/span>addition\u00a0<\/span>to\u00a0<\/span><\/span>returning\u00a0<\/span><\/span>the\u00a0<\/span>government’s\u00a0<\/span><\/span>blocked\u00a0<\/span><\/span>revenue,\u00a0<\/span><\/span>this\u00a0<\/span>action\u00a0<\/span><\/span>will\u00a0<\/span>relieve\u00a0<\/span><\/span>tax\u00a0<\/span>payers\u00a0<\/span><\/span>by\u00a0<\/span><\/span>waiving\u00a0<\/span><\/span>interest\u00a0<\/span>and\u00a0<\/span>penalties.<\/span><\/span><\/span> <\/span><\/span><\/span>Due\u00a0<\/span>to\u00a0<\/span><\/span>a\u00a0<\/span>number\u00a0<\/span><\/span>of\u00a0<\/span><\/span>factors,\u00a0<\/span>including\u00a0<\/span><\/span>the\u00a0<\/span>Covid-19\u00a0<\/span><\/a>pandemic,\u00a0<\/span><\/span>dealers\u00a0<\/span><\/span>were\u00a0<\/span>previously\u00a0<\/span><\/span>unable\u00a0<\/span><\/span>to\u00a0<\/span>benefit\u00a0<\/span><\/span>from\u00a0<\/span><\/span>the\u00a0<\/span>previous\u00a0<\/span><\/span>amnesty\u00a0<\/span><\/span>programme\u00a0<\/span><\/span>established\u00a0<\/span>by\u00a0<\/span><\/span>Government\u00a0<\/span><\/span>order\u00a0<\/span><\/span>no.\u00a0<\/span><\/span>39-FD\u00a0<\/span><\/span>of\u00a0<\/span><\/span>2018,\u00a0<\/span><\/span>dated\u00a0<\/span><\/span>05\/02\/2018.<\/span><\/span><\/span><\/span><\/span><\/span>iii)\u00a0<\/span><\/span>The\u00a0<\/span><\/span>government-to-be-notified\u00a0<\/span><\/span>scheme\u00a0<\/span><\/span>will\u00a0<\/span>waive\u00a0<\/span><\/span>the\u00a0<\/span>interest\u00a0<\/span><\/span>and\u00a0<\/span><\/span>penalty\u00a0<\/span><\/span>in\u00a0<\/span><\/span>(i)\u00a0<\/span><\/span>and\u00a0<\/span><\/span>(ii),\u00a0<\/span><\/span>provided\u00a0<\/span><\/span>that\u00a0<\/span>100%\u00a0<\/span><\/span>of\u00a0<\/span><\/span>the\u00a0<\/span>principal\u00a0<\/span><\/span>tax\u00a0<\/span><\/span>is\u00a0<\/span>paid\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>required\u00a0<\/span>manner\u00a0<\/span><\/span>and\u00a0<\/span>within\u00a0<\/span><\/span>the\u00a0<\/span>allotted\u00a0<\/span>time.<\/span><\/span><\/span> <\/span><\/span><\/span>iv)\u00a0<\/span><\/span>Resolving\u00a0<\/span><\/span>demands\u00a0<\/span><\/span>for\u00a0<\/span><\/span>industrial\u00a0<\/span>units\u00a0<\/span><\/span>under\u00a0<\/span><\/span>the\u00a0<\/span>Central\u00a0<\/span><\/span>Sales\u00a0<\/span>Tax\u00a0<\/span><\/span>Act,\u00a0<\/span><\/span>1956,\u00a0<\/span><\/span>the\u00a0<\/span><\/span>J&K\u00a0<\/span><\/span>General\u00a0<\/span><\/span>Sales\u00a0<\/span><\/span>Tax\u00a0<\/span><\/span>Act,\u00a0<\/span><\/span>1962\u00a0<\/span><\/span>(up\u00a0<\/span><\/span>to\u00a0<\/span><\/span>07\/07\/2017\u00a0<\/span><\/span>and\u00a0<\/span><\/span>31\/08\/2017\u00a0<\/span><\/span>for\u00a0<\/span><\/span>liquor-dealing\u00a0<\/span><\/span>units),\u00a0<\/span><\/span>and\u00a0<\/span><\/span>the\u00a0<\/span><\/span>repealed\u00a0<\/span><\/span>J&K\u00a0<\/span><\/span>Value\u00a0<\/span>Added\u00a0<\/span>Tax\u00a0<\/span><\/span>Act,\u00a0<\/span><\/span>2005\u00a0<\/span><\/span>(up\u00a0<\/span><\/span>to\u00a0<\/span><\/span>2017\u201318)\u00a0<\/span><\/span>(up\u00a0<\/span><\/span>to\u00a0<\/span><\/span>07\/07\/2017),\u00a0<\/span><\/span>with\u00a0<\/span><\/span>regard\u00a0<\/span>to\u00a0<\/span><\/span>assessed\/re-assessed\u00a0<\/span><\/span>demands,\u00a0<\/span><\/span>including\u00a0<\/span><\/span>cases\u00a0<\/span><\/span>that\u00a0<\/span><\/span>have\u00a0<\/span>not\u00a0<\/span>yet\u00a0<\/span>been\u00a0<\/span><\/span>assessed\u00a0<\/span><\/span>but\u00a0<\/span><\/span>must\u00a0<\/span>meet\u00a0<\/span><\/span>specific\u00a0<\/span>requirements\u00a0<\/span><\/span>to\u00a0<\/span>be\u00a0<\/span><\/span>notified\u00a0<\/span><\/span>in\u00a0<\/span>the\u00a0<\/span><\/span>scheme.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>government’s\u00a0<\/span>decision\u00a0<\/span><\/span>will\u00a0<\/span>minimise\u00a0<\/span><\/span>tax\u00a0<\/span><\/span>dispute\u00a0<\/span>cases\u00a0<\/span><\/span>and\u00a0<\/span><\/span>conclude\u00a0<\/span><\/span>pre-GST\u00a0<\/span><\/span>cases,\u00a0<\/span><\/span>among\u00a0<\/span><\/span>other\u00a0<\/span>things.<\/span><\/span><\/span> <\/span><\/span><\/span>Applications\u00a0<\/span><\/span><\/span>for\u00a0<\/span><\/span>this\u00a0<\/span><\/span><\/span>amnesty\u00a0<\/span><\/span><\/span>must\u00a0<\/span><\/span>be\u00a0<\/span><\/span><\/span>submitted\u00a0<\/span><\/span><\/span>no\u00a0<\/span><\/span><\/span>later\u00a0<\/span><\/span>than\u00a0<\/span><\/span>six\u00a0<\/span><\/span>months\u00a0<\/span><\/span><\/span>after\u00a0<\/span><\/span><\/span>the\u00a0<\/span><\/span>date\u00a0<\/span><\/span><\/span>an\u00a0<\/span><\/span>order\u00a0<\/span><\/span><\/span>in\u00a0<\/span><\/span><\/span>this\u00a0<\/span><\/span>regard\u00a0<\/span><\/span><\/span>is\u00a0<\/span><\/span><\/span>issued.<\/span><\/span><\/span><\/p>\n

\"AC
AC gives amnesty to settle tax arrears of pre GST regime<\/figcaption><\/figure>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

JAMMU: Under\u00a0the\u00a0direction\u00a0of\u00a0Lieutenant\u00a0Governor\u00a0Manoj\u00a0Sinha,\u00a0the\u00a0Administrative\u00a0Council\u00a0(AC)\u00a0convened\u00a0here\u00a0and\u00a0approved\u00a0a\u00a0proposal\u00a0from\u00a0the\u00a0Finance\u00a0Department\u00a0to\u00a0grant\u00a0amnesty\u00a0for\u00a0the\u00a0settlement\u00a0of\u00a0tax\u00a0arrears\u00a0related\u00a0to\u00a0the\u00a0pre-GST\u00a0regime. Attending\u00a0the\u00a0meeting\u00a0were\u00a0Mandeep\u00a0Kumar\u00a0Bhandari,\u00a0the\u00a0Lieutenant\u00a0Governor’s\u00a0principal\u00a0secretary,\u00a0Atal\u00a0Dulloo,\u00a0the\u00a0chief\u00a0secretary,\u00a0and\u00a0Rajeev\u00a0Rai\u00a0Bhatnagar,\u00a0the\u00a0advisor. In\u00a0addition\u00a0to\u00a0returning\u00a0the\u00a0government’s\u00a0blocked\u00a0revenue,\u00a0this\u00a0action\u00a0will\u00a0relieve\u00a0tax\u00a0payers\u00a0by\u00a0waiving\u00a0interest\u00a0and\u00a0penalties. Due\u00a0to\u00a0a\u00a0number\u00a0of\u00a0factors,\u00a0including\u00a0the\u00a0Covid-19\u00a0pandemic,\u00a0dealers\u00a0were\u00a0previously\u00a0unable\u00a0to\u00a0benefit\u00a0from\u00a0the\u00a0previous\u00a0amnesty\u00a0programme\u00a0established\u00a0by\u00a0Government\u00a0order\u00a0no.\u00a039-FD\u00a0of\u00a02018,\u00a0dated\u00a005\/02\/2018.iii)\u00a0The\u00a0government-to-be-notified\u00a0scheme\u00a0will\u00a0waive\u00a0the\u00a0interest\u00a0and\u00a0penalty\u00a0in\u00a0(i)\u00a0and\u00a0(ii),\u00a0provided\u00a0that\u00a0100%\u00a0of\u00a0the\u00a0principal\u00a0tax\u00a0is\u00a0paid\u00a0in\u00a0the\u00a0required\u00a0manner\u00a0and\u00a0within\u00a0the\u00a0allotted\u00a0time. iv)\u00a0Resolving\u00a0demands\u00a0for\u00a0industrial\u00a0units\u00a0under\u00a0the\u00a0Central\u00a0Sales\u00a0Tax\u00a0Act,\u00a01956,\u00a0the\u00a0J&K\u00a0General\u00a0Sales\u00a0Tax\u00a0Act,\u00a01962\u00a0(up\u00a0to\u00a007\/07\/2017\u00a0and\u00a031\/08\/2017\u00a0for\u00a0liquor-dealing\u00a0units),\u00a0and\u00a0the\u00a0repealed\u00a0J&K\u00a0Value\u00a0Added\u00a0Tax\u00a0Act,\u00a02005\u00a0(up\u00a0to\u00a02017\u201318)\u00a0(up\u00a0to\u00a007\/07\/2017),\u00a0with\u00a0regard\u00a0to\u00a0assessed\/re-assessed\u00a0demands,\u00a0including\u00a0cases\u00a0that\u00a0have\u00a0not\u00a0yet\u00a0been\u00a0assessed\u00a0but\u00a0must\u00a0meet\u00a0specific\u00a0requirements\u00a0to\u00a0be\u00a0notified\u00a0in\u00a0the\u00a0scheme. The\u00a0government’s\u00a0decision\u00a0will\u00a0minimise\u00a0tax\u00a0dispute\u00a0cases\u00a0and\u00a0conclude\u00a0pre-GST\u00a0cases,\u00a0among\u00a0other\u00a0things. Applications\u00a0for\u00a0this\u00a0amnesty\u00a0must\u00a0be\u00a0submitted\u00a0no\u00a0later\u00a0than\u00a0six\u00a0months\u00a0after\u00a0the\u00a0date\u00a0an\u00a0order\u00a0in\u00a0this\u00a0regard\u00a0is\u00a0issued.  <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[67,15,89,54],"tags":[],"class_list":["post-7835","post","type-post","status-publish","format-standard","hentry","category-header","category-jammu-and-kashmir","category-national","category-political"],"gutentor_comment":0,"yoast_head":"\nAC gives amnesty to settle tax arrears of pre GST regime<\/title>\n<meta name=\"description\" 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