Tables for Settlement of Disputes

Table- I: [Sl. No. 1: Dispute arising out of non-submission of Form-IXC or Form IX in support of any claim preferred under Part I of the Bihar Finance Act, 1981 - Ten percent of disputed amount of tax (all columns). Sl. No. 2: Where the amount of arrear tax in dispute does not exceed Rs. 10,00,000 (Ten Lakh) other than mentioned in Sl. No. 1 - Twenty three percent, Twenty four percent, Twenty five percent respectively for columns 3, 4, 5. Sl. No. 3: Where the amount of arrear tax in dispute exceeds Rs. 10,00,000 (Ten Lakh) but does not exceed Rs. 1,00,00,000 (one crore) other than mentioned in Sl. No. 1 - Rs. 2,30,000 plus 30%, Rs. 2,40,000 plus 31%, Rs. 2,50,000 plus 32% of the amount by which it exceeds Rs. 10,00,000. Sl. No. 4: Where the amount of arrear tax in dispute exceeds Rs. 1,00,00,000 (one crore) other than mentioned in Sl. No. 1 - Rs. 29,30,000 plus 38%, Rs. 30,30,000 plus 39%, Rs. 31,30,000 plus 40% of the amount by which it exceeds Rs. 1,00,00,000. Sl. No. 5: For dispute arising out of an order levying penalty or interest under the law - Ten percent of disputed amount of penalty or interest (all columns)]. Table- II: [Sl. No. 1: For the amount of arrear tax in dispute does not exceed Rs. 10,00,000 (Ten Lakh) - Twenty eight percent, Twenty nine percent, Thirty percent respectively. Sl. No. 2: For the amount of arrear tax in dispute exceeds Rs. 10,00,000 (Ten Lakh) but does not exceed Rs. 1,00,00,000 (one crore) - Rs. 2,80,000 plus 35%, Rs. 2,90,000 plus 36%, Rs. 3,00,000 plus 37% of the amount by which it exceeds Rs. 10,00,000. Sl. No. 3: For the amount of arrear tax in dispute exceeds Rs. 1,00,00,000 (one crore) - Rs. 34,30,000 plus 43%, Rs. 35,30,000 plus 44%, Rs. 36,30,000 plus 45% of the amount by which it exceeds Rs. 1,00,00,000. Sl. No. 4: For dispute arising out of an order levying penalty or interest under the law - Ten percent of disputed amount of penalty or interest (all columns)]. Explanation I. - Settlement amount shall not include payment of admitted tax and the party shall deposite total amount of admitted tax. Explanation II. - If a party wishing to settle a dispute, has already deposited any amount of dispute which is equal or more than the settlement amount, before the commencement of this settlement scheme, the said amount would be considered as payment of settlement amount. Although the amount deposited in excess of the settlement amount will not be refunded. Explanation III. - If a party wishing to settle a dispute, has deposited any amount of dispute before the commencement of this settlement scheme, the said amount would be considered as payment of settlement amount and the party will have to pay the difference amount only. (2) Notwithstanding anything contained in any law for the time being in force but subject to the other provisions of this Act, any dispute in respect of which the amount specified in subsection (1) has been deposited into Government Treasury, in the manner and within the time specified in this Act, shall be deemed to have been settled and it shall not be proceeded before any appellate authority.