The Government of Jammu and Kashmir on January 15, 2024, notified regarding the Grant of amnesty for the settlement of Tax arrears pertaining to the Pre-GST regime.
The following has been stated:
The Waiver of 100% of the penalty and interest payable by a dealer under the J&K General Sales Tax Act, 1962 and Central Sales Tax Act 1956 relating to assessment/re- assessment made including yet-to-be-assessed cases till the accounting year 2017-18 (up to July 07, 2017 in respect of dealers other than liquor dealers.). For the dealers dealing in Liquor, the date of coverage shall be August 31, 2017.
The Waiver of 100% of the penalty and interest payable by a dealer under the J&K Value Added Tax Act, 2005 and Central Sales Tax Act, 1956 relating to assessment/re-assessment made including yet-to-be-assessed cases till the accounting year 2017-18 (up to July 07, 2017).
The waiver of interest and penalty mentioned above shall be subject to the payment of 100% of the principal Tax in the manner and within the prescribed time specified in the scheme appended with this order.
Kindly find the Scheme attached to the document below.
[Order No. 15-FD of 2024]
