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TMI BlogKerala Finance Bill,2019 Amesty scheme for settlement of arrears – instructions issuedX X X X Extracts X X X X X X X X Extracts X X X X ..... ing arrear demand of around 9,957 crores of rupees. The department has to take all efforts to collect maximum revenue through this One Time Settlement scheme for arrears. This scheme is called Amnesty Scheme, 2019-20. 2. This amnesty scheme is applicable to arrears relating to the following statutes: i) All arrears under the Kerala General Sales Tax Act, 1963 relating to the period up to 31-03-2018. ii) All arrears under the Kerala Value Added Tax Act, 2003 relating to the period up to 30-06-2017. iii) All arrears under the Central Sales Tax Act, 1956 relating to the period up to 30-06-2017. iv) All arrears under the Kerala Tax on Luxuries Act, 1976 relating to the period up to 30-06-2017. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... who opts for the scheme shall settle all arrears relating to tax, penalty and interest pertaining to a financial year together. The arrears for the purpose of settlement under this section shall be calculated as on the date of submission of option. The arrears advised for Revenue Recovery are also eligible for settlement under this scheme. 7. On receipt of the application from the dealer, the assessing authority shall verify the correctness of the arrear position stated by the assessee with reference to assessment records and relevant registers, and intimate the amount payable under this scheme in Annexture -2 to the assessee within 15 days. 8. On receipt of the intimation the assessee shall pay the amount in lump-sum wit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he assessees. 14. If the dealer defaults in making payment as per the permission given in Annexure - II, the reduction granted shall be revoked by an order in writing by the assessing authority after giving such dealer an opportunity of being heard within fifteen days of the default. 15. No appeal shall lie in any court, tribunal or appellate authority with respect to the amount settled under this scheme. 16. All assessing authorities shall maintain a register in Annexure - III containing details of arrears settled under this scheme. 17. The collection details shall be reported separately. The Deputy Commissioners shall give periodic progress report of settlement of arrears under this scheme to the Commis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 05. Tax effect in the case of penalty not utilized or not liable for any best judgment assessment. Sl. No. Assessment Year Order Amount of penalty Tax effect No Date 1 2 06. Details of payment after service of demand notices for which settlement applied Sl. No. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ails of Revenue Recovery a) Name of the Taluk/Village : b) Taluk reference No. : c) Details of assets attached, if any : d) Value of attached assets : e) Details of payment made before the revenue authorities, if any, with details. : DECLARTION i. I Shri / Smt...................... hereby declare that the details stated above are true and correct to the best of my knowledge. ii. I further declare that I am competent to file application in the capacity as the ................ iii. I hereby opt for settlement of the arrears in pursuance of the scheme declared in Kerala Fi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Name designation of Assessing Authority Annexure III Register of Settlement of Arrears under the Amnesty Scheme, 2019-20 Sl.No. Name of dealer with RC No. Year Principal tax amount Interest on principal tax amount Penalty Interest on penalty No. of installments Payment details Due Payable Due Remission Due Remission Due ..... X X X X Extracts X X X X X X X X Extracts X X X X
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