The Government of Tamil Nadu on October 12, 2023, issued the Tamil Nadu Taxes (Settlement of Arrears) Act, 2023.
The following provisions have been stated:
• Designated authority:
For carrying out the purposes of this Act, the Government may, by notification, appoint one or more officers referred to in section 3 of the Tamil Nadu Goods and Services Tax Act, 2017 to be the designated authority and such authority shall exercise jurisdiction over such area or areas as the Government may specify in the notification.
• Application for settlement:
(1) An application for section 4 shall be made to the designated authority within four months from the date of commencement of this Act or such later date as the Government may, by notification, specify, from time to time, in such form, and such manner, as may be prescribed, along with proof of payment of the amount at the rates specified in section 7.
(2) A separate application shall be made for each assessment year.
• Total waiver of certain amounts:
Notwithstanding anything contained in the relevant Act or this Act, where on the date of commencement of this Act, the total arrears of tax, penalty, or interest, is rupees fifty thousand or less for an assessment year, the entire amount shall stand waived on that date and the assessee shall stand discharged from his liability to make payment of such arrears of tax, penalty or interest.
• Bar on re-opening of settled cases:
A certificate of settlement issued under section 10 shall be conclusive as to the settlement of arrears to which it relates, and no matter covered by such certificate of settlement shall be re-opened in any proceeding of appeal, revision, review, or any other proceeding, under the relevant Act.
It shall come into force on such date as the State Government may, by notification, appoint.
For more information, kindly refer to the document attached.
[Notification No 359]
