Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Tally On Cloud Tally on Cloud: Ready for the Daily Backup Requirement
Keep your Tally books accessible from anywhere while supporting your Rule 46(8) obligations. With daily backups configured on servers physically located in India, Tally on Cloud helps you maintain the backup arrangement required for electronic books of account under the Income-tax Rules, 2026. Move your Tally to the cloud with confidence.
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.
 Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief
 ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know
 Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose
 CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27
 CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details
 Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window
 Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do
 Tax audit deadline September 30: Common mistakes taxpayers should avoid
 Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck
 Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money

6-month amnesty scheme for sales tax offered in state
March, 26th 2016

Maharashtra has announced an amnesty scheme for pending sales tax dues, which will be open for six months, starting April 1. The scheme hopes to clear the backlog of appeals in courts and garner revenue locked up in appeal cases. The state government expects to garner Rs 700 crore from the scheme.

An amnesty scheme, open during the same period, has also been announced for profession tax. In this case, the state hopes to bring on the tax rolls those who have not registered earlier.

Experts said the amnesty scheme for sales tax dues may not have many takers. "The scheme is not likely to be beneficial as it applies only in cases where sales tax is disputed in appeal and recovery has been stayed. The dealer also has to withdraw the appeal filed by him," Sunil Gabhwalla, an indirect tax expert, said.

The relief which is to be provided under the sales tax amnesty scheme varies with the age of the pending dispute. For periods before April 1, 2005, if the dealer pays the disputed tax in full, the corresponding penalty and interest is proposed to be waived. For periods between April 1, 2005 and March 31, 2012, the dealer will have to pay the disputed tax amount and 25% of the disputed interest.

The profession tax amnesty scheme is expected to attract many professionals who were ignorant of their legal obligation to pay the tax, which is Rs 2,500 per year.

Professionals such as doctors, architects, lawyers and chartered accountants who have not yet enrolled and who come forward during the amnesty period will cough up a lower tax outgo.

Under the profession tax amnesty scheme the tax and penalty (maximum of 50% of the tax or Rs 1,250 per year) will be payable only for the past three years, instead of eight years. "As stringent action is on the anvil for evaders on expiry of the scheme, professionals should take advantage of the amnesty window," Gabhwalla added.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting