Excise department launches old regime to settle VAT cases: The Tribune India

Ambika Sharma

Tribune press service

Solan, December 23

In an effort to settle 1.68 lakh outstanding value added tax (VAT) and central sales tax (CST) business, the state tax and excise department approved the program. Himachal Pradesh Swarn Jayanti (Legacy Case Resolution) 2021.

Various stakeholders and dealers, who have been waiting for this program, will benefit immensely as it will help resolve old pending cases. There are 13,705 cases in Solan, 20,108 in Baddi-Barotiwala-Nalagarh, 11,615 in Sirmaur and 9,869 in Una, among other districts.

State Tax and Excise Commissioner Yunus said the program would help resolve pending 1.68 lakh VAT and CST cases and generate significant revenue for the department. The program will be valid for four months and will have two phases. Settlement fees will be higher in the second phase, officials informed.

It was specially launched to help pre-GST taxpayers resolve their tax obligations and disputes. Under this scheme, taxpayers can pay the amount of unpaid tax and be released from any other liability under the law. Taxpayers will receive substantial relief in the form of a full waiver of interest and penalties. Problems such as compiling documents, collecting pending statutory forms, and preparing reconciliations to complete VAT assessments have become a Herculean task for taxpayers. Although the Goods and Services Tax (GST) was introduced years ago, businesses, industries and resellers are left with disputes with the previous regime.

This regime will provide an opportunity to settle old obligations so that taxpayers can focus on GST compliance. The state government could also get a one-time increase in revenue with this program. It is important for the government to settle the past legacy dispute as soon as possible and ensure that the GST is respected in the new configuration, officials said.

In line with World Bank guidelines and guidelines, if the state government manages to resolve all legacy cases by March 31, it will create a financial environment conducive to state commerce and industry. This will benefit the state by ensuring flexible finances and is also important in the context of ease of doing business initiatives. It will also lead to better GST compliance in line with World Bank guidelines.

Will resolve 1.68 lakh cases in all

  • Various stakeholders and dealers, who have been waiting for this program, will benefit immensely as it will help resolve outstanding cases. There are 13,705 cases in Solan, 20,108 in Baddi-Barotiwala-Nalagarh, 11,615 in Sirmaur and 9,869 in Una, among other districts.
  • State Tax and Excise Commissioner Yunus said the program would help resolve pending 1.68 lakh VAT and CST cases and generate significant revenue for the department.

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Natalee Broderick

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