The Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2022
The Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2022
This law regulates the settlement of outstanding tax dues, interest, penalties, and late fees in Maharashtra for the period ending on or before June 30, 2017. It applies to any taxpayer, including individuals, businesses, and financial institutions, with unpaid tax liabilities or pending disputes under older state tax laws like sales tax and value added tax. This legislation matters because it acts as an amnesty scheme, enabling taxpayers to clear their historical liabilities by paying a designated amount and obtaining waivers on the rest, which effectively resolves long pending court disputes and offers significant financial relief to all these taxpayers.
- 1. Short title and commencement.
- 2. Definitions.
- 3. Designated authority.
- 4. Eligibility for settlement.
- 5. Cases litigated by the State, also eligible for settlement.
- 6. Adjustment and determination of arrears of tax, interest, penalty or late fee, if any, eligible for settlement.
- 7. Write off in respect of certain amounts.
- 8. Determination of requisite amount and extent of waiver.
- 9. Determination of requisite amount and extent of waiver under the Tax on the Entry Act.
- 10. Options and duration for payment of requisite amount.
- 11. Conditions for settlement.
- 12. Application for settlement of arrears.
- 13. Order of settlement.
- 14. Appeal against order passed under this Act.
- 15. Review of order passed under this Act.
- 16. Bar on re-opening of settled cases under Relevant Act.
- 17. Revocation of order of settlement.
- 18. No refund under this Act.
- 19. Power of Commissioner under this Act.
- 20. Power to remove difficulty.
PDF: pending for this language.