Government of Maharashtra has passed an Ordinance to provide for settlement of arrears under various Acts which were in existence during pre- GST regime. Salient features of the same are mentioned below:
- The Scheme has been divided in two phases; wherein Phase 1 is from 1st April, 2019 to 30th June, 2019 and Phase 2 is from 1st July, 2019 to 31st July, 2019.
- Depending on period to which outstanding liability pertains to, the quantum of waiver has been decided.
- Application for Settlement can be made irrespective of the stage of Judicial Proceedings, subject to certain conditions.
- Order so passed under the Scheme shall be conclusive and the same will not be reopened in any case.