Tax amnesty allows voluntary payment of tax and interest to satisfy assessments and secure waiver of penalties. The scheme allows dealers to declare tax deficiency, pay tax and interest to satisfy assessment orders, and obtain waiver of consequential penalty. Works Contract dealers may instead opt for composition turnover tax, in which case assessment and penalty orders for the relevant period must be reviewed and nullified; payments made under the scheme are treated as recovery against issued orders and no further recovery action should be taken. Eligibility for issuance of the scheme acceptance certificate must be ascertained before nullification, and system updates must ensure nullified demands are not shown as outstanding.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax amnesty allows voluntary payment of tax and interest to satisfy assessments and secure waiver of penalties.
The scheme allows dealers to declare tax deficiency, pay tax and interest to satisfy assessment orders, and obtain waiver of consequential penalty. Works Contract dealers may instead opt for composition turnover tax, in which case assessment and penalty orders for the relevant period must be reviewed and nullified; payments made under the scheme are treated as recovery against issued orders and no further recovery action should be taken. Eligibility for issuance of the scheme acceptance certificate must be ascertained before nullification, and system updates must ensure nullified demands are not shown as outstanding.
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