Haryana
government launches 'Samadhan se Vikas' scheme
Recently, the Haryana government has
introduced a one-time settlement scheme called 'Samadhan se Vikas' for the
recovery of long pending dues on account of External Development Charges(EDC)
and Infrastructural Development Charges(IDC). The scheme is modeled on the
central scheme of 'Vivad se Vishwas-2020'.Similar EDC Reschedulement Policy
offer was also made in 2018. Hundreds of real estate builders/developers in
Haryana are yet to pay the state government over Rs. 10000 cr as EDC and IDC.
Vivad se Vishwas scheme: The bill provides a mechanism for resolution
of pending tax disputes related to direct taxes(Income tax and Corporate tax)
in simple and speedy manner.
The bill in current form allows taxpayers to
settle cases pending before the Commissioner (Appeals), Income Tax Appellate
Tribunals(ITATs), Debt Recovery Tribnals(DRTs), High Courts and the Supreme
Court.
Under the Vivad se Vishwas scheme, a
taxpayer would be required to pay only the amount of the disputed taxes and
will get complete waiver of interest and penalty provided he pays by March 31,
2020.
But, if the tax arrears relate to disputed
interest or penalty only, then 25% of disputed penalty or interest will have to
be paid.
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