Quick Summary
In a strategic move to recover long-pending tax dues, the Maharashtra state government has proposed a key amendment to its Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2025. The revised provisions aim to unlock an estimated Rs 20,000 to Rs 25,000 crore in outstanding taxes owed by public sector units (PSUs), banks, infrastructure companies and various government authorities dating back to the pre-GST era. The amendment bill, introduced in the state legislative assembly on Th
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FAQ :
The Maharashtra government is expanding its amnesty scheme for settling pre-GST tax arrears.
The expanded scheme will cover entities not registered under the Companies Act, 2013, but operating as government undertakings, including municipal bodies, public sector banks, and infrastructure authorities like MHADA, MSRDC, and MMRDA, as well as central PSUs.
The government aims to recover an estimated Rs 20,000 to Rs 25,000 crore in outstanding taxes.
The scheme offers a lump sum payment option to settle arrears of tax, interest, penalties, and late fees, aiming to close legacy cases, ease fiscal pressures, and improve cash flow.
Yes, Hindustan Aeronautics Ltd. successfully cleared dues of Rs 2,471 crore after the original Act was passed in March 2025.
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