The Government of Kerala on December 18, 2024, notified the last date to apply for the Amnesty Scheme.
Applications can be made till December 31, 2024, for the Comprehensive Dues Clearance Scheme announced in the 2024 State Budget to settle dues under tax laws that existed before the introduction of GST. This scheme provides an opportunity to settle tax dues related to previous laws such as the Kerala Value Added Tax Act, Kerala General Sales Tax Act, Kerala Surcharge on Taxes Act, Kerala Agricultural Income Tax Act, Kerala Luxury Tax Act and Central Sales Tax Act.
Under this scheme, tax arrears up to Rs. 50,000 along with their penalty and interest have been completely waived. The following rates are applicable to those who submit new applications under the Amnesty Scheme from December 1, 2024 to December 31, 2024, those who make payment within 60 days of receiving a short notice on an application submitted during this period, and those who make payment within 60 days of receiving a modification order on an application submitted during this period under Section 9 (3) of the Kerala Finance Act.
For arrears with a tax amount above Rs. 50,000 and up to Rs. 10 lakh, 36 percent of the tax amount can be settled. For arrears with a tax amount between Rs. 10 lakh and Rs. 1 crore, 46 percent of the tax amount can be settled for arrears under appeal and 56 percent of the tax amount for arrears not under appeal. For arrears with a tax amount above Rs. 1 crore, 76 percent of the tax amount can be settled for arrears under appeal and 86 percent of the tax amount for arrears not under appeal.
