Haryana OTS Scheme:- On Saturday, Haryana Chief Minister Manohar Lal Khattar introduced the One Time Schedule-2024 (OTS) scheme. This policy aims to address the long-standing appetite of state-owned enterprises and traders to clear the unpaid taxes associated with the pre-GST era.
Read below to check the details of Haryana One Time Settlement Scheme like points, features and benefits, categories, eligibility, registration process for Haryana OTS Scheme, and much more.
Haryana OTS Scheme 2024
Chief Minister Manohar Lal Khattar on Sunday introduced the One Time Settlement-2023 (OTS) scheme in response to persistent requests from businessmen in Haryana to settle tax liabilities before GST. The program will run from January 1 to March 30, 2024.
Haryana Antyodaya Pariwar Parivahan Yojana
Under the OTS-2023 scheme, companies will be able to pay their pre-GST taxes. The tax is divided into four categories, cases covering the seven pre-GST tax codes have no interest penalty. Chief Minister Manohar Lal also announced the launch of a GST training institute in Gurugram in collaboration with HIPAA.
Features & Benefits of Haryana OTS Scheme
The Haryana OTS scheme was launched by Haryana Chief Minister Manohar Lal Khattar on Sunday The program will run from January 1, 2024 to March 30, 2024. There are four categories of tax rates under the OTS approach, starting with undisputed payments on undisputed terms. The taxpayer shall pay the full amount excluding penalties or interest under this section.
Haryana Yuva Naukari Protsahan Yojana
The remaining 30 per cent outstanding is what taxpayers have to pay for contested taxes of less than Rs 50 lakh. Taxpayers owing less than Rs 10 lakh will have to pay the entire amount in one lump sum by March 30.
The amount can be paid in two installments of 52% each between Rs 10 lakh and Rs 25 lakh. If the loan balance exceeds Rs 25 lakh, it can be repaid in three installments: 40% in the first 90 days, 30% in the next 90 days and 30% in the last 90 days.
Haryana OTS Scheme Categories
There are four categories of tax rates under the OTS approach, starting with undisputed payments on undisputed terms. The taxpayer shall pay the full amount excluding penalties or interest under this section. The remaining 30 per cent outstanding is what taxpayers have to pay for contested taxes of less than Rs 50 lakh.
Where no appeal has been filed, the Department's assessment of undisputed tax falls into the third category. Taxpayers will have to pay 40% if the amount is less than Rs 50 lakh and 60% if it is more than Rs 50 lakh.
Haryana Birth Certificate Apply
In addition, this group offers penalty and interest discounts. Due to different taxes, unpaid amounts fall into the fourth category. Here, the taxpayer only has to pay 30% of the total because the government has withdrawn the money. The OTS scheme offers not only tax relief but also flexible income options.
Eligibility Criteria for Haryana One Time Settlement Scheme
The applicant should be a resident of Haryana The applicant should be a member of Haryana chamber of commerce
Registration Process of Haryana OTS Scheme
The Government of Haryana has recently introduced the Haryana OTS Scheme. The government has not yet published the official website for this; however, the government will do so shortly. We will update this post as soon as there is a fresh update on this plan.
Haryana Mukhyamantri Parivar Samridhi Yojana 2024
FaQ
Q. What is Haryana One Time Settlement Scheme ?
Ans.Chief Minister Manohar Lal Khattar on Sunday introduced the One Time Settlement-2023 (OTS) scheme in response to persistent requests from businessmen in Haryana to settle tax liabilities before GST. The program will run from January 1 to March 30, 2024.
Q. What is Features & Benefits of Haryana OTS Scheme ?
Ans. The Haryana OTS scheme was launched by Haryana Chief Minister Manohar Lal Khattar on Sunday The program will run from January 1, 2024 to March 30, 2024. There are four categories of tax rates under the OTS approach, starting with undisputed payments on undisputed terms. The taxpayer shall pay the full amount excluding penalties or interest under this section.
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