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, 24 , 2021 ( , 03, , ೧೯೪3)
BENGALURU, WEDNESDAY, 24, NOVEMBER, 2021 ( MARGASHIRA , 03, SHAKAVARSHA, 1943)
. 915 No. 915 ¨sÁUÀ – 1 Part – I
PROCEEDINGS OF THE GOVERNMENT OF KARNATAKA
FINANCE SECRETARIAT
Sub: Amendment to Karasamadhana Scheme, 2021 by extending the Benefit to TDS Authorities in respect of waiver of interest levied under sub-section (7) of Section 9-A of Karnataka Value Added Tax Act, 2003 Reg.
Read: Government order No. FD 49 CSL 2021, Dated: 29-03-2021.
PREAMBLE:
The Hon'ble Chief Minister and Finance Minister in his Budget Speech for the year 2021-22 made on 8th 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 issue vide order read above.
R.N.I. No. KARBIL/2001/47147 POSTAL REGN. No. RNP/KA/BGS/2202/2017-19 Licensed to post without prepayment WPP No. 297 2 GOVERNMENT ORDER NO.FD 49 CSL 2021, BENGALURU, DATED: 24.11.2021In the Government Order read above, the following sub-clause shall be inserted under Clause 7 dealing with Special Provisions.
"7.3 Notwithstanding anything contained in Karasamadhana Scheme, 2021, this Scheme also grants waiver of 100% of Interest payable under sub-section (7) of section 9-A of Karnataka Value Added Tax Act, 2003 by TDS Authorities for committing default in payment of Tax Deducted at Source to the Prescribed Authorities, subject to the condition that Tax Deducted at Source is paid in full on or before 31.12.2021. The Commissioner of Commercial Taxes may issue such instructions as may be necessary to extend this benefit to the TDS Authorities."
By Order and in the name of the Governor of Karnataka,
(KAVITHA L.) Under Secretary to Government Finance Department (C.T-1)