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AC offers amnesty to settle tax arrears of pre GST regime

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Approves increased subsidy under Centre’s urban housing scheme

JAMMU: The Jammu and Kashmir administration has approved a proposal of the Finance Department for granting amnesty for settlement of Tax arrears pertaining to pre GST regime.

Jammu and Kashmir’s Administrative Council (AC), during a meeting chaired by Lieutenant Governor Manoj Sinha said that the step is going to provide relief to the tax payers in the form of waiver of interest and penalty besides recovery of the blocked revenue to the Government.

Earlier all dealers could not take benefit of erstwhile amnesty scheme issued vide Govt. order no. 39-FD of 2018 dated 05/02/2018 due to various reasons including Covid-19 pandemic.

As such, large no. of representations were received from the trade/industry sector for granting a onetime opportunity to the dealers for settlement of the outstanding arrears under the pre GST tax legislations.

The amnesty Scheme provides relief to dealers by providing 100% waiver of penalty and interest under J&K General Sales Tax Act, 1962, and Central Sales Tax Act, 1956, for assessment/ re-assessment up to 2017-18 (07/07/2017 for all and 31/08/2017 for liquor dealers, an official spokesman said.

He said that 100% waiver of penalty and interest under J&K Value Added Tax Act, 2005, and Central Sales Tax Act, 1956, for assessments up to 2017-18 (07/07 /2017) is also being offered to the traders.

“Waiver of interest and penalty in (i) and (ii) subject to 100% payment of principal Tax in the manner and within the prescribed time as per the scheme to be notified by the Government,” besides, a ettlement of demands for Industrial Units under repealed J&K Value Added Tax Act, 2005 (up to 2017-18) (upto 07/07/2017), J&K General Sales Tax Act, 1962 (up to 07/07/2017 and 31/08/2017 for liquor-dealing units), and Central Sales Tax Act, 1956, in respect of assessed/ re-assessed demands including yet to be assessed cases with certain conditions to be notified in the scheme, the spokesman added.

He said that this decision on the part of government will result into minimising of tax dispute cases and winding up of pre-GST cases etc. The time limit for receiving the applications for this amnesty will not be more than six months from the date an order is issued in this regard.

The AC also approved an enhancement of subsidy to Rs 70,326 from the current Rs 16,666 for people eligible for the BLC of PMAY(U).

The meeting also included Advisor to the LG Rajeev Rai Bhatnagar and Chief Secretary Atal Dulloo.

The scheme covers identified BLC beneficiaries of PMAY(U) who have not completed their dwelling units and is expected to benefit 26,419 households in the preliminary stage, an official spokesperson said.

The proposal aims to provide additional financial assistance to the identified beneficiaries, enabling them to complete the construction of their houses within the deadline for the Housing for All’ Mission by December 31, 2024, he said.

The decision has been taken to facilitate the beneficiaries, who face challenges in meeting their end of the contribution in house construction, with enhanced assistance, the spokesperson said.

The AC also approved the project regarding construction of Nallahs from Peerkho Main up to Dhounthly on Right Bank of River Tawi Package-II at an estimated cost of Rs. 26.87 Crores to be funded under Capex Budget.

The project was prepared in compliance of instructions given by National Green Tribunal (NGT) and Central  Pollution Control Board (CPCB) for abatement of pollution in River Tawi by diversion of untreated wastewater from storm water drains falling into it and treatment of the same before discharge into the river.

This will ensure proper drainage and sewerage network of the area which will directly benefit the households/local inhabitants besides ensuring compliance with the directions of NGT and CPCB regarding abatement of pollution in River Tawi here.


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