In pursuance to the announcement made by Hon’ble CM of Karnataka, the Govt of Karnataka has introduced Comprehensive Karasamadhana Scheme 2019 vide notification dated 21.02.2019.
1. It is a comprehensive Karasamadhana Scheme i.e. the scheme is applicable for the demands created under both VAT and/or CST Act and also includes KPTCE, luxury, Entertainment and Karnataka Agricultural Income Tax Act.
2. 100% interest and penalty payable on the demand created in order passed upto 30.06.2019 should be waved off.
3. Such waiver of interest and penalty would be applicable only of the taxpayer has made a payment of tax on or before 30.09.2019. However, any penalty levied by the registering authority under sec 10-A of CST Act shall not be waived.
4. The dealer has to file an application to opt for this scheme.
5. If the dealer is in appeal against any of the order passed by the assessing authority and wishes to opt for this scheme, should withdraw the appeal and then file an application for this scheme.
6. Any amount paid towards interest and/or penalty at the time of filing appeal and the dealer wishes to avail the benefit of this scheme can utilize such payment towards outstanding tax liability. However, if the adjustment is resulting into refund, no such refund should be allowed.
7. If any appeal is filed by the department before tribunal or if any case is pending before HC, the benefit of this scheme cannot be availed.
8. Once the person opts for this scheme, at a later stage they cannot file any appeal against the assessment closed under this scheme.
Hello, my name is S Praveen Kumar Reddy, qualified as Chartered Accountant in 2018. Experienced Person with a demonstrated history of working in the Taxation and Accounting industry. Skilled in GST returns Filing, Accounting, Personal Income Tax Returns, Corporate Law, Microsoft Excel and Tally ERP..
Dear Sir,
ReplyDelete01.we received VAT order in Jan 2018 and we have paid tax amount fully, only interest and penalty is pending. Now we are opting the karasamadhana 2019, it is showing that again we need to make payment of total tax again.Kindly guide us how to avail this option ? and further procedure.
02.can we avail this scheme for appeal orders also?