The Haryana government has introduced the One Time Settlement-2023 (OTS) scheme, allowing businesses to clear outstanding tax dues from before the Goods and Services Tax (GST) era. Operational from January 1 to March 30, 2024, the scheme offers significant relief on interest and penalties across four categories of tax liabilities. This initiative aims to provide financial respite to traders and boost state revenue.
Addressing a long-standing request from Haryanas traders and business community to settle pending tax payments from before the implementation of GST, Chief Minister Sh. Manohar Lal today launched the One Time Settlement-2023 (OTS) Scheme through the Excise and Taxation Department. The scheme will be
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FAQ :
The OTS-2023 is a scheme introduced by the Haryana government to help traders and businesses settle their pending tax dues from before the implementation of GST.
The scheme is operational from January 1, 2024, to March 30, 2024.
The scheme covers outstanding tax issues from the Excise and Taxation Department until June 30, 2017, specifically related to seven VAT-related acts in effect before GST.
Yes, the scheme offers exemptions from interest and penalties for cases related to seven tax acts in effect before GST, depending on the category of tax liability.
Payment terms vary based on the outstanding amount, with options for lump sum payments or installments spread over 90-day periods for amounts exceeding Rs 25 lakh.
Yes, the government plans to establish branches of the GST Tribunal in Gurugram and Hisar, and a GST Training Institute in collaboration with HIPA, Gurugram.