Samadhan’s success hinges on waiver, penalty
The Hindu
₹28,000 crore is due to the government
Factors such as waiver of some portion of tax, interest and penalty will determine the success of the proposed scheme by the State government to enable taxpayers settle their dues under the previous Value Added Tax regime, according to experts. In his budget speech last week, Finance Minister Palanivel Thiaga Rajan had indicated that Samadhan Scheme will be launched to settle the pending dues of ₹28,000 crore under Tamil Nadu Value Added Tax and other legacy legislations. The details of the scheme are yet to be announced and its success will depend on the quantum of relief. Many States like Kerala and Maharashtra have announced such schemes, G. Natarajan, an advocate, Partner in Swamy Associates, said.
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