Hry govt gets Rs 2,331 cr as tax arrears from 1,874 dealers

Image
Press Trust of India Chandigarh
Last Updated : Jul 07 2017 | 2:28 AM IST
Haryana government received Rs 2,331 crore in tax arrears from 1,874 dealers in the state under the One-Time Settlement Scheme for recovery of pending dues, Finance Minister Abhimanyu said today.
He said the government received Rs 2,232.20 crore of tax arrears from Panipat alone under the scheme.
"Out of the total arrears, the refinery of the Indian Oil Corporation alone accounted for Rs 2,230.98 crore and remaining Rs 1.22 crore was received from dealers in Panipat," the Finance, Excise and Taxation Minister said in a release.
He said in districts Gurugram and Sonepat, more than Rs 45.75 crore and Rs 10.77 crore were recovered from 359 and 137 dealers, respectively.
He said more than Rs 46.57 lakh was recovered from 22 dealers in district Ambala, more than Rs 85.02 lakh from 38 dealers in district Bhiwani, more than Rs 10.45 crore from 333 dealers in district Faridabad, nearly Rs 99.20 lakh from 46 dealers in district Fatehabad and over Rs 1.78 crore from 65 dealers in district Hisar.
Likewise, recoveries were also made from dealers in Jhajjar, Kaithal, Kurukshetra, Panchkula, Rewari, Palwal, Nuh, Rohtak and Yamunanagar.
The minister said the settlement scheme was launched on June 22 to minimise litigation, reduce the burden of defaulters and mop up dues under various Acts administered by the Excise and Taxation Department.
A defaulting trader opting for the scheme would have to pay full amount of tax levied or leviable under various Acts for the period up to March 31, 2017. He would get 90 per cent waiver on interest and 75 per cent on the penalty amount.
In cases of suppression of tax or attempt to evade tax, one can get 50 per cent waiver of penalty, he added.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 07 2017 | 2:28 AM IST

Next Story