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The Hindu
10 hours ago
- Business
- The Hindu
Tax amnesty scheme deadline will not be extended beyond June 30: Balagopal
The deadline for the General Amnesty Scheme 2025 will not be extended beyond the June 30 deadline, Finance Minister K.N. Balagopal said on Wednesday. Mr. Balagopal was speaking at a seminar organised by the Kerala Goods and Services Tax (SGST) department and the Traders Welfare Board on the amnesty scheme announced in the State Budget for the one-time settlement of pre-GST regime tax arrears. The Minister advised traders who have not yet signed up for the scheme not to lose the opportunity. Pointing out that Kerala has succeeded in substantially increasing its own tax and non-tax revenues, Mr. Balagopal said the enforcement activities initiated by the government for smooth tax collection will continue. Global market He also urged the trade and business community in the State to 'think big' in terms of the opportunities offered by the global market. The newly dedicated Vizhinjam port offers vast opportunities for the sector, he said. Tax dues under the pre-GST Kerala Value Added Tax Act, Kerala Agricultural Income Tax Act, Kerala General Sales Tax Act, Kerala Tax on Luxuries Act, the Kerala Surcharge on Taxes Act and the Central Sales Tax Act are being considered for the amnesty scheme. The 2025-26 Budget had announced four categories of amnesty—the General Amnesty, Flood Cess Amnesty, Bar Hotel Amnesty and Distillery Arrears Settlement scheme. The General Amnesty scheme is designed as a comprehensive measure for enabling businesses to settle the arrears relating to various tax laws that existed before the implementation of the SGST Act. Additional Chief Secretary (Taxes) K.R. Jyothilal; SGST department Commissioner Ajit Patil; SGST department special commissioner Abraham Renn; and Traders Welfare Board vice-chairpersons Raju Apsara and E.S. Biju were present.
Time of India
a day ago
- Business
- Time of India
Seminar on GST Amnesty Scheme and trader welfare initiatives
Thiruvananthapuram: The Kerala state goods and services tax (GST) department, in collaboration with the Traders Welfare Board, will organise a seminar on Wednesday to discuss the 2025-26 Amnesty Scheme and welfare initiatives for traders. The scheme, announced by finance minister K N Balagopal in the 2025-26 state budget, includes four categories: general amnesty, flood cess amnesty, bar hotel amnesty, and distillery arrears settlement. The general amnesty allows settlement of arrears under pre-GST laws such as Kerala VAT, sales tax, luxury tax and others. Eligible beneficiaries can avail significant waivers on interest and penalties, with tax dues categorised into three slabs. The seminar will also feature help desks to address trader queries. Key officials, including additional chief secretary K R Jyothilal, SGST commissioner Ajit Patil, Traders Welfare Board vice chairmen Raju Apsara and E S Biju, and special commissioner Abraham Renn S will address participants. The amnesty schemes, which came into effect on April 1, 2025, will conclude on June 30. Payments must be made through and application details uploaded via
