The Chief Minister of Haryana, Manohar Lal, has launched the One Time Settlement-2023 (OTS) Scheme through the Excise and Taxation Department.
The scheme aims to resolve any outstanding tax payments that were due before the implementation of GST.
Taxes are classified into four categories, with exemptions from interest and penalties for cases related to seven effective tax acts before GST.
1. For cases without disputes, taxpayers must pay 100% of the amount due without penalties or interest.
2. For disputed taxes under Rs 50 lakh, taxpayers are required to pay 30% of the outstanding amount.
3. For undisputed taxes assessed by the department, taxpayers must pay 40% (for amounts below Rs 50 lakh) or 60% (for amounts above Rs 50 lakh) with relief from penalties and interest.
4. For outstanding amounts due to tax rate differences, taxpayers must pay only 30% of the total amount due.
GST is a unified tax system that replaces multiple indirect taxes levied by central and state governments. Both the Central and State Governments have authority to levy GST