We wish to update you on the
Karasamadhan Scheme which has been introduced vide order No. FD 38 CSL 2018
dated August 04, 2018 as “CST Karasamadhana Scheme 2018” by the Karnataka
government. Following are the key takeaways from the scheme:
► The scheme grants waiver of 100% of arrears of penalty and interest
payable under the CST Act, 1956 in relation to assessment and
re-assessments completed on or before 30 June 2018 provided full payment of
arrears of tax is made on or before 30 October 2018.
► The dealer shall withdraw the appeal filed before the Appellate
Authority or Court or any application filed against the order or proceedings
relating to arrears of tax, interest and penalty for which the disposal is
still pending.
► Post withdrawal of the appeal or application as the case may be,
any amount of penalty and interest paid at the time of filing an appeal or
application shall be eligible for adjustment towards arrears of tax
outstanding for the assessment year for which benefit is claimed.
► The assessing authority shall scrutinize the application and calculate
the actual arrears of tax, interest and penalty payable up to the date of
filing the application.
► Any rectification of order made after 20 June 2018 shall not be eligible
to avail the benefits of the scheme.
► In case no discrepancy is noticed the assessing authority shall pass the
order in 15 days from date of receipt of application and served to the dealer
in next 10 days .
► E-Application for waiver of arrears of penalty and interest shall be
filed in Annexure I for each of the year separately.
► A declaration in support of withdrawal of appeal or other application
shall be filed in Annexure II for each of the year separately.
Please note the above scheme is
applicable only for orders passed under the CST Act and not for cases pending
under the Karnataka VAT Act. Further any penalty levied u/s 10-A of CST Act
shall not be waived under this scheme.
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