Hry govt to implement one time settlement for recovery of

To minimise litigations, reduce burden of defaulters and mop-up overdues under various Acts administered by the excise and taxation department, the Haryana government today decided to implement the 'Haryana one time settlement scheme for recovery of outstanding dues, 2017'.
A decision to this effect was taken in a meeting of the state Cabinet headed by Chief Minister Manohar Lal Khattar here today.
It was observed that the scheme would prove beneficial before the implementation of Haryana Goods and Services Tax Act, 2017 which comes into effect from July 1, 2017, an official release said.
A person opting for the settlement of outstanding dues under the scheme would have to pay the full amount of tax levied or leviable under various Acts for the period upto March 31,2017.

He can avail 90 per cent waiver on interest amount by paying 10 per cent of the interest levied or leviable under various Acts for the period upto March 31, 2017.
Also, in case of penalty, a person would have to pay 25 per cent of the penalty amount for other offences under the relevant Acts and extent of waiver would be 75 per cent of the penalty amount for such offences.

One can avail 50 per cent waiver of penalty amount by paying 50 per cent of the same amount levied for offence of suppression of tax or attempt to evade tax under the relevant Acts, the release, adding the scheme would cover the outstanding dues upto March 31, 2017.

The scheme would be applicable including for Haryana General Sales Tax, 1973 (Repealed Act), the Haryana Value Added Tax Act, 2003, the Central Sales Tax Act, 1956, the Haryana Local Area Development Tax Act, 2000 (Repealed Act), the Haryana Tax on Entry of Goods in to Local Areas Act, 2008 (under litigation) and the Haryana Tax on Luxuries Act, 2007.
A person opting for the scheme shall apply to the assessing authority on or before June 28, 2017.
In another decision, the Haryana Cabinet also approved a proposal of the revenue and disaster management department to upgrade tehsil Taoru as a sub division in district Nuh.

The cabinet also approved a proposal of the power department to provide the state government guarantee of Rs 100 crore in favour of Rural Electrification Corporation Limited to avail medium term loan for working capital of Haryana Vidyut Prasaran Nigam Limited (HVPNL).
Several other proposals were also cleared.