CA Shailendra Jain, an eminent faculty on the subject while addressing the gathering said that Government of Maharashtra has brought in the settlement scheme to clear all the unresolved disputes during pre-GST era right since BST and MVAT Act. He elaborated the various benefits covered in the scheme. To understand salient features of Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019 and its procedural aspects related to various Acts administered by the Maharashtra Goods and Services Tax Department, the seminar has been organized by Nagpur Branch of WIRC of ICAI for its members.
He mentioned that: “Soul of the settlement scheme is disputed taxes.” While analysing the scheme, Jain informed that Government had brought in the scheme for two different periods. One is for disputes arising prior to March 31, 2010 and other is for disputes arising after March 31, 2010. Time limit for payment and duration of submission of application under first phase of the scheme is between April 1, 2019 and June 30, 2019. Under, the second phase, it is from July 1, 2019 and July 31, 2019.
Taxes to be paid under the scheme is 100 per cent of undisputed amount and for disputed amount it varies according to phases and period of dispute. Jain further shared that application should be made to designated authority in prescribed format, in Form 1, if dispute is arising against any statutory order and in Form 1A, in any other case.
To meet the challenges of GST and focus on its implementation, the Department is planning to complete the pending work under the existing laws at earliest. For this, the Government, has taken series of legislative steps like risk based criteria for selection of cases for assessment, criteria for dropping of certain pending assessment proceedings, allowing rectification of the assessment order where set off is disallowed due to non-confirmation etc., he said. CA Suren Duragkar, Chairman of Nagpur Branch welcomed all the delegates and assured all the members that representation would be made to the concerned authority for easing out the ordinance to pass on the benefits of the scheme to masses. He requested all the members to propagate the scheme to the fullest, being last opportunity to clear old cases. CA Abhijit Kelkar, Regional Council Member said, the Ordinance can be successful with the help of professionals and elaborated the need for such schemes by the Government from time to time.
He requested the Commissioner of GST to keep a broader view in few points in the Ordinance so as to pass on the benefits of the scheme to larger sector of tax payers. The technical sessions was conducted by CA Akshay V Gulhane, Managing Committee Member of Nagpur Branch of ICAI. The vote of thanks was proposed by CA Saket Bagdia, Secretary. Prominently present were CA Kirit Kalyani, Vice-Chairman of Nagpur Branch, CA Jiten Saglani, Treasurer, CA Sanjay Agrawal, WICASA Chairman and CA. Harish Rangwani, executive committee members, along with other registered delegates.