Amnesty scheme to come into effect from August 1, formal inauguration called off
The Amnesty scheme 2024, meant to dispose of decades-old tax arrears under pre-GST tax regimes, will come into effect on August 1, the State Goods and Services Tax (SGST) Department said on Wednesday.
At the same time, the formal inauguration of the scheme planned at the Ayyankali Hall in Thiruvananthapuram stands cancelled in view of the landslides in Wayanad district, the department said.
The tax arrears resolution scheme, announced in the 2024-25 State Budget, is expected to benefit the trade sector.
The arrears date back to the period from 1960-61 to 2017-18. Arrears under the pre-GST Kerala Value Added Tax Act, Kerala Agricultural Income Tax Act, Kerala General Sales Tax Act, Kerala Tax on Luxuries Act, and Kerala Surcharge on Taxes Act will be considered for the scheme. Tax, turnover tax and compounding tax related to liquor sales under the General Sales Tax will not come under its ambit.
