Unlock financial freedom with the Karnataka Karasamadhana Scheme! For those settling tax arrears by January 31, 2024, enjoy 100% forgiveness on penalties and interest. Swiftly resolve pre-GST tax matters without court hassles.
What Is the Karasamadhana Scheme?
The Karnataka Karasamadhana Scheme is a one-time settlement scheme introduced by the Government of Karnataka to help taxpayers clear pending tax dues from the pre-GST era. It offers substantial relief by waiving penalties and interest on outstanding tax liabilities.
Key Benefits
- 100% waiver on penalties and interest for eligible tax arrears
- Quick resolution of pending tax disputes without lengthy court proceedings
- Covers taxes under KVAT, CST, KST, and other pre-GST Karnataka state tax laws
- Simplified process — settle dues and get clearance certificates
Who Should Apply?
- Businesses and individuals with pending pre-GST state tax dues in Karnataka
- Those facing tax disputes or litigation under old state tax laws
- Taxpayers wanting to clean up their compliance records
How to Avail
- Calculate your outstanding tax principal
- Pay the tax amount in full before the deadline
- Apply for waiver of penalties and interest under the scheme
- Receive clearance from the tax authorities
Note: Always consult with a qualified tax professional to ensure you're eligible and to handle the paperwork correctly.
Follow @xpert.advices on Instagram for the latest tax updates.
#karnataka#karasamadhana#tax-forgiveness#compliance