The Government of Maharashtra has notified the Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2023 (‘the Act’). The Government has introduced the Act for settlement of dues under the MVAT Act, CST Act and nine other relevant acts, in respect of period prior to 30 June 2017. This Act shall come into force from 01 May 2023.
Following are the key highlights of the Act:
Disclaimer:
The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.
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