Karnataka Government’s CST Karasamadhana Scheme, 2018

Aug 16, 2018 | by Avantis RegTech Legal Research Team

The Chief Minister had announced a Karasamadhana Scheme aiming at reducing the arrears under the provisions of the Central Sales Tax Act, 1956. Therefore, a Scheme for waiver of penalty and interest under the CST Act is formulated by the State Government of Karnataka.

Following are the features of the Scheme:

         It grants waiver of 100% of arrears of penalty and interest payable by a dealer under the CST Act relating to the assessments/reassessments completed on or before June 30, 2018.

         However, any penalty levied under Section 10-A of the CST Act shall not be eligible for benefit of waiver under this Scheme.

         It grants of waiver of penalty and interest subject to certain conditions end procedure as envisaged in the Government Order. Important conditions and procedure as envisaged in the Government Order are given in the Circular.

The important steps for filing of an electronic application by the assessee are also reiterated in the Circular for the sake of clarity.

[Circular No. 01/2018-19]

URL: http://www.ctax.kar.nic.in/latestupdates/Circular_No.1_18-190001.pdf


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