The Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2023
The Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2023
The Maharashtra Settlement of Arrears Act 2023 regulates the settlement of outstanding tax debts accrued before July 2017 under various old state laws like sales tax and value added tax. It applies to any individual, business, or financial institution facing unpaid taxes, interest, penalties, or late fees from this period. This act matters because it offers taxpayers a way to clear disputes by writing off small dues below two lakh rupees and partially waiving larger disputed amounts if they pay the adjusted balance. It allows citizens to resolve long pending litigation while helping the government recover outstanding state tax revenue.
- 1. Short title and commencement.
- 2. Definitions.
- 3. Designated authority.
- 4. Eligibility for settlement.
- 5. Cases litigated by 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 Tax on 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.