You are here: Home » Economy & Policy » News
Business Standard

Jammu and Kashmir extends amnesty scheme to settle tax arrears till Mar 31

The decision was taken by the state administrative council led by Governor Satya Pal Malik on Friday

Press Trust of India  |  Jammu 

Satya Pal Malik
J&K Governor Satya Pal Malik

The administration extended the date of depositing the second instalment of arrears of the old tax regime under an till March end, an official spokesperson said on Saturday.

On a request from various stakeholders, the state administrative council, led by Governor Satya Pal Malik, decided on Friday to extend the date of depositing the second instalment up to March 31, so that the inconvenience faced by the dealers in depositing their instalment is addressed.

The due date for depositing the second instalment expired on January 31.

The announced by the government in February last year provides for 100-per cent remission of penalty and interest on arrears of tax for dealers under the provisions of the erstwhile Value Added Tax Act, 2005, and J&K Sales Tax Act, 1962.

First Published: Sat, March 09 2019. 11:20 IST