Haryana Chief Minister, Sh. Nayab Singh Saini has once again reaffirmed his government’s unwavering commitment for empowering small traders and fostering a business-friendly environment in the state. In line with the promises made in the Sankalp Patra, the government has introduced the Haryana One-Time Settlement Scheme for Recovery of Outstanding Dues 2025 aimed at moving ahead in the GST regime with lesser baggage of arrears, litigations and to expedite the recovery of outstanding dues and give relief to small taxpayers.The State Cabinet which met under the Chairmanship of Chief Minister, Sh. Nayab Singh Saini here today approved the said scheme.
Over 2 lakh taxpayers are expected to benefit from this scheme
In the New Scheme formulated for the settlement of outstanding tax liabilities under seven pre-GST Acts, Taxpayers with outstanding liabilities of up to Rs. 10 lakh under any single Act will be granted a concession of up to Rs. 1 lakh. Additionally, 60% of the remaining principal tax amount will also be waived.
Furthermore, Taxpayers with outstanding liabilities of more than Rs. 10 lakh and upto Rs. 10 crore will also receive a 50% concession on their tax amount. Over 2 lakh taxpayers are expected to benefit from this scheme.
Notably, all taxpayers availing of this scheme will have their interest and penalty amounts completely waived. The taxpayers with settlement amounts exceeding Rs. 10 lakh will be allowed to pay their principal amount in two installments.
The scheme is applicable for quantified outstanding dues under the 7 Acts
The scheme is applicable for quantified outstanding dues under the seven acts namely The Haryana Value Added Tax Act, 2003 (6 of 2003), The Central Sales Tax Act, 1956 (Central Act 74 of 1956), The Haryana Local Area Development Tax Act, 2000 (13 of 2000), The Haryana Tax on Entry of Goods into Local Areas Act, 2008 (8 of 2008), The Haryana Tax on Luxuries Act, 2007 (23 of 2007), The Punjab Entertainment Duty Act, 1955 (Punjab Act 16 of 1955), The Haryana General Sales Tax Act, 1973 (20 of 1973).
Key features of the Scheme
It is a simplified scheme. There is no categorization of tax unlike the old scheme; such as Admitted tax, disputed tax, Undisputed tax or Differential tax. Besides this, interest and all types of penalties are waived in the new Scheme.
The small taxpayers having cumulative quantified tax dues up to 10 lakh have to pay only 40% after deducting tax of Rs. 1 lakh out of their cumulative tax dues, and others whose cumulative arrears are upto Rs. 10 crores have to pay 50% of the cumulative tax dues.
The scheme shall be open for 120 days from the appointed day. The taxpayer whose settlement amount comes to more than 10 lakh, may pay the settlement amount in two installments.