Govt. of Haryana notified One Time Settlement Scheme
Apr 17, 2023 | by TeamLease RegTech Legal Research Team
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The Government of Haryana on April 12, 2023, issued One Time Settlement Scheme due to some of the sugar mills of Haryana, including Cooperative and Private Sugar Mills, have not deposited outstanding purchase tax and interest thereon from the last many crushing seasons and a huge amount is accumulated resultantly.
The following conditions have been stated:
• The outstanding interest is capped to an amount equal to the outstanding amount of purchase tax, as on June 30, 2017.
• If the entire amount (outstanding principal and interest subject to the cap) is paid by the concerned sugar mills within 3 months from the date of notification, 35% of such outstanding interest (as capped) will be waived off.
• If the entire amount (outstanding principal and interest subject to the cap) is paid by the concerned sugar mills, after 3 months but within 6 months then 20% of the outstanding interest (as capped) will be waived off.
[Notification No. 605-Agri.II (5)-2023/2649]
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