In a bid to minimise litigations, reduce burden of defaulters and mop-up overdues under various Acts administered by Haryana Excise and Taxation Department, the State Government on Thursday decided to implement the “Haryana One Time Settlement Scheme for recovery of Outstanding Dues, 2017”.
The State Cabinet which met under Chief Minister Manohar lal on Thursday gave its nod to implement the scheme. The cabinet observed that the scheme would prove beneficial before the implementation of Haryana Goods and Services Tax Act, 2017 with effect from July 1, said an official spokesman.
He said that a person opting for the settlement of outstanding dues under the scheme would have to pay full amount of tax levied or leviable under various Acts for the period upto March 31, 2017. He can avail 90 per cent waiver on interest amount by paying 10 per cent of the interest levied or leviable under various Acts for the period upto March 31, 2017.
In case of penalty, a person would have to pay 25 per cent of the penalty amount for other offences under the relevant Acts and extent of waiver would be 75 per cent of the penalty amount for such offences. One can avail 50 per cent waiver of penalty amount by paying 50 per cent of the same amount levied for offence of suppression of tax or attempt to evade tax under the relevant Acts. The scheme would cover the outstanding dues upto March 31, 2017. A person opting for the scheme shall apply to the assessing authority on or before June 28, 2017, added the spokesman. Cabinet approves various provisions related to GST regime. The Cabinet gave its approval to notify certain provisions of Haryana Goods and Services Tax Act, 2017 and also approved Composition and Registration Rules under Haryana Goods and Services Tax Act, 2017. It also approved delegation of powers of the Council of Ministers to the Chief Minister with regard to approval of Rules and notifications to be issued under the Haryana Goods and Services Tax Act, 2017.
The Haryana Goods and Services Tax Act, 2017 will come into force with effect from July 1. The cabinet has notified ‘www.gst.gov.in’ as the Common Goods and Services Tax Electronic Portal to facilitate registration, payment of tax, furnish returns, computation and settlement of integrated tax and electronic way bill, said the spokesman.
loan of Rs 100 crore approved
The cabinet approved a proposal of the Power Department to provide State Government Guarantee of Rs 100 crore in favour of Rural Electrification Corporation limited to avail medium term loan for working capital of Haryana Vidyut Prasaran Nigam limited (HVPNl).
The loan of Rs 100 crore would be utilised by HVPNl for bridging the cash deficit.
The loan would be paid for a period of 36 months repayable in 18 equal monthly installments after a moratorium period of 18 months for principal alone from the date of first disbursement. In addition, HVPNl would also prove Escrow cover for principal and interest repayment of loan, said the Government’s spokesperson.The Government also gave a nod to the proposal of the Cooperation Department to extend the period of Government guarantee for Rs 3,500 crore for the floatation of debentures or loans in a format prescribed by the NABARD on behalf of Haryana State Cooperative Agriculture and Rural Development Bank limited. The renewal and execution of block guarantee is for a period fromApril 1, 2017 to March 31, 2022.