The Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act
The Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act
This act regulates the settlement of unpaid tax arrears, interest, penalties, and late fees accrued under various Maharashtra state tax laws prior to the introduction of the Goods and Services Tax in July 2017. It applies to individuals and businesses with outstanding tax dues or ongoing tax disputes in Maharashtra. This legislation matters because it provides a time-bound opportunity for taxpayers to clear their old liabilities. By paying a portion of their disputed tax and interest, participants secure waivers on the remaining balances and penalties, helping them resolve legal disputes and exit legacy tax regimes without excessive financial burden.
- 1. Short title and commencement.
- 2. Definitions.
- 3. Designated Authority
- 4. Duration of Phase under Act.
- 5. Adjustment of any payment made under Relevant Act and settlement of arrears of tax, interest, penalty or late fee, if any.
- 6. Eligibility for settlement.
- 7. Conditions for settlement of arrears.
- 8. Withdrawal of appeal.
- 9. Powers of Commissioner to notify transactions that may constitute an issue.
- 10. Determination of requisite amount and extent of waiver.
- 11. Verification of correctness and completeness of application and issuance of defect notice, if necessary.
- 12. Settlement of arrears and passing of order of settlement.
- 13. Appeals.
- 14. Powers of authorities.
- 15. Bar on re-opening of settled cases.
- 16. Revocation of order of settlement.
- 17. Review.
- 18. No refund under Act.
- 19. Power of Commissioner under Act.
- 20. Power to remove difficulty.
- 21. Repeal of Mah. Ord. V of 2019 and saving.
PDF: pending for this language.