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 from Amnesty Scheme While presenting the Maharashtra Budget for FY 2025-26, State Finance Minister Ajit Pawar announced an amnesty scheme aimed at clearing pending tax arrears. The state government
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
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.
CAclubindia
