ENA State 2023-07-26 16:20:28 <p><span style="font-size:14px"><strong>Bengaluru, July 26 (KNN)</strong> The Karnataka government has introduced the Karasamadhana Scheme, 2023 for pre-GST arrears settlement and expedite the collection of arrears without resorting to litigation.</span></p> <p><span style="font-size:14px">The state government vide Order No. FD 07 CSL 2023, Bengaluru, dated July 18, 2023 presented the Karasamadhana Scheme, 2023.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">The Scheme offers a waiver of 100% of arrears of penalty and interest payable to those who make full payment of arrears of tax on or before December 31, 2023.</span></p> <p><span style="font-size:14px">Cases with no arrears of tax but arrears of penalty and interest related to assessments, re-assessments, rectification, revision, or appeal orders already completed and to be completed on or before October 31, 2023, are eligible for waiver.</span></p> <p><span style="font-size:14px">To avail the benefits of the Scheme, the balance of the tax amount must be paid within fifteen days from the date of receipt of information or on or before January 15, 2024, whichever is earlier, in cases where information is received from the Assessing authority, Recovery Officer, or Prescribed Authority.</span></p> <p><span style="font-size:14px">If any partial amount is still outstanding as arrears on the specified date, the applicant becomes ineligible to avail the benefits of the Scheme.</span></p> <p><span style="font-size:14px">The Scheme aims to resolve tax disputes efficiently and collect arrears promptly, encouraging taxpayers to settle their dues and avoid prolonged litigation.</span></p> <p><span style="font-size:14px">Along with the Scheme announcement, the Karnataka Government provides applications for dealers who wish to opt for the Scheme, allowing them to easily apply for the benefits.</span></p> <p><span style="font-size:14px">Access notification here: <a href="https://gst.kar.nic.in/latestupdates/karasamadhana202319723.pdf">https://gst.kar.nic.in/latestupdates/karasamadhana202319723.pdf.</a> <em><strong>(KNN Bureau)</strong></em></span></p> 34225 https://knnindia.co.in/news/newsdetails/state/karnataka-govt-announces-karasamadhana-scheme-2023-to-resolve-pre-gst-legacy-tax-disputes 2023-07-26 16:20:28 knnindia.co.in