1 / 5

Analysis of Telangana State One-Time Settlement Scheme 2022

"Finally, following the footsteps of the Maharashtra, Karnataka, Kerala, Bihar, and West Bengal governments. The Telangana Government has come up with a scheme t"<br>TaxGuru is a platform that provides Updates On Amendments in Income Tax, Wealth Tax, Company Law, Service Tax, RBI, Custom Duty, Corporate Lawu00a0, Goods and Service Tax etc.<br>To know more visit https://taxguru.in/goods-and-service-tax/analysis-telangana-state-one-time-settlement-scheme-2022.html

taxguru
Download Presentation

Analysis of Telangana State One-Time Settlement Scheme 2022

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Analysis of Telangana State One-TimeSettlement Scheme2022 taxguru.in/goods-and-service-tax/analysis-telangana-state-one-time-settlement-scheme-2022.html Finally, following the footsteps of the Maharashtra, Karnataka, Kerala, Bihar, and West Bengal governments. The Telangana Government has come up with a schemeto settle the disputes pertaining to the State Laws namely Telangana StateOne-Time Settlement Scheme 2022. In this article, an attempt is made to understand theTelangana State One-Time Settlement Scheme2022. The Taxes Covered under the Telangana State One-Time Settlement Scheme2022 Andhra Pradesh General Sales Tax Act,1957, The Telangana Value Added Tax Act,2005, The Central Sales Tax Act, 1956and The Telangana Entry of the Goods into Local Areas Act,2001 Applicability of the Telangana State One-Time Settlement Scheme2022 Telangana State One-Time Settlement Scheme 2022is applicable to all registeredand unregistered dealers under the Andhra Pradesh General Sales Tax Act, 1957, the Telangana Value Added Tax Act, 2005, the Central Sales Tax Act, 1956, and the Telangana Entry of the Goods into Local Areas Act,2001. Is there any restriction to the previous years to which Telangana StateOne-Time Settlement Scheme 2022 applies & whether the single application has to be filedfor multiple years or only one application wouldsuffice?

  2. With respect to the first question, there is no restriction on the number of years the scheme will be made applicable i.e. it can be pertaining from any Financial Year. Further, for all these years a separate application has to be filled and each application will be considered a distinctapplication. Whether the Telangana State One-Time Settlement Scheme 2022will beapplicable for both the demands andrefund? The scheme will be provided only for the demand and not for the refundcases. How will be the tax payable in Telangana State One-Time Settlement Scheme2022? The person has to discharge the complete undisputed taxliability With respect to the remaining amount i.e. the disputed amount, the person hasto discharge the taxes asunder Whether any interest & penalty has to be paid under Telangana StateOne-Time Settlement Scheme 2022? The interest and penalties are not required to be discharged. Only the tax componenthas to be discharged which has to be calculated asabove. What will happen to the pending appeals & notices issued after payment oftax? The appeal pending before the appellate authority or the Tribunal or the Court inrespect of any order or notice shall be withdrawn fully and unconditionally by theapplicant. Whether any installment facility provided under Telangana StateOne-Time Settlement Scheme 2022? Yes for the amounts payable higher than Rs.25 lakhs, an installment facility will be provided without interest up to 4 equal monthly installments. Bank interest rates willbe applied to those seeking moreinstallments. Therefore hurry Up & Avail the benefit of the said scheme for any further information& clarification email the author on [emailprotected] Tags: FAQs, goods and services tax, GST, GST Notifications,VAT

  3. Kindly Refer to Privacy Policy & Complete Terms of Use andDisclaimer. AuthorBio Name: Ajay KumarMundada Qualification: CA inPractice Company: N/A Location: Hyderabad, Telangana, IN Member Since: 25 Feb 2020 | Total Posts:13 View Full Profile My PublishedPosts Refund for Zero Rated Supply to SEZ unit/Developer without GSTpayment Have you availed the benefit of the SC Sue Moto Extension? Discussion on GST Notification No. 92/2020- CT to 94/2020-CT Summary of notifications under GST issued on15.10.2020 Checklist to adhere before filing September 2020 GSTReturns View More PublishedPosts Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects. Join us onWhatsapp GROUP LINK Join us onWhatsapp GROUP LINK Join us onWhatsapp

  4. GROUPLINK Join us onWhatsapp GROUPLINK Join us onWhatsapp GROUPLINK Join us onWhatsapp GROUPLINK Join us onWhatsapp GROUPLINK Join us onWhatsapp GROUPLINK Join us onWhatsapp GROUPLINK Join us onWhatsapp GROUPLINK Join us onTelegram GROUPLINK Review us onGoogle More Under Goods and ServicesTax «PreviousArticle Next Article»

  5. Leave aComment Your email address will not be published. Required fields are marked*

More Related