Quick Summary
In a significant move to resolve long-standing tax disputes, the Maharashtra Legislative Council on Thursday sanctioned a bill granting amnesty to Public Sector Undertakings (PSUs) of the Central and state governments for their tax dues to the Maharashtra government. ₹8,000 Crore Revenue Expected
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FAQ :
It is a legislative bill approved by the Maharashtra Legislative Council that grants amnesty to Central and state Public Sector Undertakings (PSUs) for their pending tax dues to the state government.
The state government expects to generate ₹8,000 crore in tax revenue from this amnesty scheme.
Various PSUs owe approximately ₹25,000 crore in unpaid taxes, interest, and levies to the Maharashtra government.
The deadline for PSUs to settle their outstanding dues has been extended until December 2025.
Similar tax relief programs were previously introduced for private and cooperative organisations in 2016, 2019, 2022, and 2024. This current initiative specifically targets PSUs.
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