State GST department has invited options towards the tax amnesty scheme
The state goods and services tax department has invited options towards the tax amnesty scheme announced in the state budget.
As per the amnesty provisions, options for tax arrears clearance can be submitted for various taxes Kerala value-added tax, central sales tax, agriculture tax, general sales tax, luxury tax, and surcharge that had been in existence prior to the introduction of GST. Exemption of 100% would be given on interest and fine. However, for arrears under Kerala general sales tax, only a fine is exempted for arrears after 2005. Those who pay the arrears in lump sum can claim 40% reduction in tax arrears and for those who pay it in installment would be eligible for 30% reduction in the arrears amount, said a statement from the state GST department.
The tax arrears details of traders are available on the GST department website. To submit for the amnesty option, the taxpayers should visit www.keralataxex.gov.in and complete a one-time registration.
