Amesty scheme-2021 for settlement of arrears – instructions issued

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....heme that was introduced during the previous year under the following legacy statutes stands modified with certain conditions. • Kerala Surcharges Act • Central Sales Tax Act, • Kerala General Sales Tax Act. • Kerala Agriculture Income Tax Act, • Tax on Luxuries Act, • Kerala Value Added Tax Act, Key highlights of the Amnesty Scheme, 2021 are: • 100% waiver of interest and penalties. • 40% waiver of the balance tax arrears, if the outstanding dues are paid in lump- sum. • 30% waiver of the balance tax arrears, if the outstanding dues are paid in installments. • Amnesty scheme can be opted for all pending tax a....

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.... • Those who have compounded offences and paid tax under such proceedings, the tax thereon will be given credit towards tax before reckoning the arrears to be settled under the Amnesty Scheme 2021.. • No refund shall be allowed under the scheme The arrears for the purpose of settlement under this scheme shall be calculated as on the date of submission of option. The assessees who have opted for amnesty schemes earlier, but could not settle the arrears, can also opt under this scheme. Amounts, if any, paid during the earlier schemes, will be given credit under tax as per this scheme. Outstanding interest and penalty as on the date of option shall be waived. After giving credit of the payments made prior to this scheme (....

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.... the amnesty scheme provides for outright settlement of arrears, the assessee who opts for the scheme shall withdraw all the cases pending before any appellate or revisional authority, tribunal or courts unconditionally and shall file a declaration to this effect through online. In the case of appeals filed by the State which is pending for final orders as on the date of option, this scheme can be opted based on the demand in original assessment order. Once the outstanding dues are settled under this scheme, there shall be no refund or adjustment subsequently for the amount settled under this scheme. In the case of assessees having outstanding arrears, the year wise details of arrear demand and amount if any paid, can be viewed electroni....

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....ssee. Based on the remarks of assessing authority, the assessee may proceed to make e-payment. In the case of assesses who opted payment under this scheme on installments, fails to make any payment on the respective due date, such assessee shall deemed to be skip out of this scheme. The relief granted under the scheme shall be revoked by an order in writing by the assessing authority after giving such dealer an opportunity of being heard within fifteen days of the default. Revenue recovery steps should be continued against such defaulter immediately. Assessment of tax and imposition of penalty by a single order will not preclude the assessee from availing of the relief declared under this scheme. While approving the option electronica....