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August 30, 2021

Under the Karsamadhana scheme 2021, the last date for completion of assessment/ reassessment proceedings extended till 30.10.2021.

by CA Shivam Jaiswal in Income Tax

Under the Karsamadhana scheme 2021, the last date for completion of assessment/ reassessment proceedings extended till 30.10.2021.

PROCEEDINGS OF THE GOVERNMENT, FRNMENT OF KARNATAKA FINANACE CRETARIAT

Sub: Further extension of time for completion of Assessments/ Re-assessments /Rectification and other peceeding to avail the benefits under Karasamadhana Scheme, 2021- Reg

Read:

  1. Government order No. FD 49 CSL 2021,dated 29-03-2021
  2. Government order No FD 49 CSL, 2021.dated 17-07-2021.

PREAMBLE:

The Hon’ble Chief Minister and Finance Minister in his Budget Speech for the year 2021-22 made on 8th March, 2021 had announced that a Karasamadhana Scheme will be introduced with a view to reduce the arrears arising out of the enactments administered by the Commercial Tax Department which existed before the introduction of Goods and Service Tax Act. Accordingly, a Scheme for waiver of penalty and interest was formulated and issued vide order read above.

Considering the request of the Karnataka State Tax Practitioners Association Bengaluru, time for completion of assessment, reassessment/rectification and Other proceeding was Extended up to 31.08.2021

Now, Karnataka Chamber of Commerce & Industry, Hubballi and Kanara Chamber of Commerce & Industry, Mangaluru have represented for further extension of time limit for completion of assessment/reassessments /rectification and other proceedings on account of inconvenience Toot by Track and Industries due to lockdown imposed in the State to avail the benefits under Karasamadhana Scheme, 2021 vide orders read above.

The Government has examined the above request and is pleased to pass the following order.

GOVERNMENT ORDER NO: FD 49 CSL, 2021, BENGLURU, DATED: 30.08.2021.

In the Government Order (2) read above, for the figures and punctuations “31.08.2021”. the figures and punctuations “30.10.2021” shall be substituted.

By Order and in the name of the
Governor of Karnataka
,

(CHANDRASHEKHAR NAYAKAL.)
Deputy Secretory to Government (B &R)
Finance Department.

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