Karasamadhana Scheme, 2021 time extended till 30.10.2021

PROCEEDINGS OF THE GOVERNMENT OF KARNATAKA
FINANCE SECRETARIAT

Sub: Further extension of time for completion of Assessments/Re-assessments/Rectification and other proceedings to avail the benefits under Karasamadhana Scheme, 2021- Reg.

Read: 1. Government order No.FD 49 CSL 2021,dated 29-03-2021.

2. Government order No.FD 49 CSL 2021,dated 17-07-2021.

PREAMBLE:

The Hon’ble Chief Minister and Finance Minister in his Budget Speech for the year 2021-22 made on 8^th March, 2021 had announced that a Karasamadhana Scheme will be introduced with a view to reduce the arrears arising out of the enactments administered by the Commercial Tax Department which existed before the introduction of Goods and Services Tax Act. Accordingly, a Scheme for waiver of penalty and interest was formulated and issued vide order read above.

2. Considering the request of the Karnataka State Tax Practitioners Association (R) Bengaluru, time for completion of assessments/re-assessments/rectification and other proceedings was extended upto 31.08.2021.

3. Now, Karnatak Chamber. of Commerce. & Industry, Hubballi and Kanara Chamber of Commerce & Industry, Mangaluru have represented for further extension of time limit for completion of assessments/re-assessments/rectification and other proceedings on account -of inconvenience faced by Trade and Industries due to lockdown imposed in the State to avail the benefits under Karasamadhana Scheme, 2021 vide Orders read above.

4. The Government has examined the above request and is pleased to pass the following order.

GOVERNMENT ORDER NO: ED 49 CSL 2021, BENGALURU, DATED: 30.08.2021.

In the Government Order (2) read above, for the figures and punctuations “31.08.2021”, the figures and punctuations “30.10.2021” shall be substituted.

By Order and in the name of the
Governor of Karnataka,

(CHANDRASHEKHAR NAYAKAL.)
Deputy Secretary to Government (B &R) Finance Department.