Thiruvananthapuram: State products and services taxation department has encouraged options towards the taxation amnesty scheme announced in the state budget.
According to the amnesty provisions, alternatives for tax arrears settlement could be filed for a variety of taxation –Kerala value added taxation, centralized sales tax, agriculture tax, general sales tax, luxury tax and surcharge– which was in existence before the addition of GST.
Exemption of 100% will be awarded on fine and interest.
But for instance under Kerala overall sales taxation, just good is exempted for arrears after 2005.
People who cover the cash in lump sum may maintain 40% decrease in tax deduction and also for people who cover it in instalment will qualify for 30 percent decrease in the arrears sum, said an announcement in nation GST department.
The tax arrears specifics of dealers are offered on the GST section site.
To submit amnesty option, the citizens must see www.keralataxex.gov.in and finish a one-time enrollment.
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