The Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee (Payable by Public Sector Undertaking Companies) Act, 2025
The Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee (Payable by Public Sector Undertaking Companies) Act, 2025
This Act regulates the settlement of outstanding tax arrears, interest, penalties, and late fees for the period ending on or before June 30, 2017, under various old Maharashtra tax laws like Sales Tax and Value Added Tax. It applies specifically to government registered Public Sector Undertaking companies. This legislation matters because it provides a clear window for these state enterprises to resolve old tax disputes and clear their financial liabilities by paying a designated portion of the dues, while the government entirely waives the rest, closing long pending legal cases and freeing up administrative resources for the state of Maharashtra.
- 1. Short title.
- 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. 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 reopening 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.