The Commercial Taxes department has announced a one time settlement scheme (OTS) to to settle disputed tax under the legacy Acts like the Andhra Pradesh General Sales Tax Act 1957.
The scheme had been introduced as arrears of around ₹3,000 crore were pending in various stages of litigation and that the amount was not readily recoverable. The development follows request from the Commercial Taxes Commissioner for introduction of one time settlement scheme of tax arrears to realise the locked up revenue.
Similar one time settlement schemes had been implemented in Maharashtra, Karnataka, Kerala, Bihar and West Bengal in the past for realising the disputed taxes, Chief Secretary Somesh Kumar said in the order issued on Monday. According to him, the provisions under the OTS would apply for registered and unregistered dealers under the AP General Sales Tax Act, 1957, the Telangana Value Added Tax, 2005, the Central Sales Tax Act 1956 and the Telangana Entry of the Goods in Local Areas Act 2001.
