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Industry Specific - Sugar Central Ministry of Agriculture and Farmer's Welfare Sugar Development Fund Act, 1982

The Governor of Haryana issues a notification regarding One Time Settlement Scheme with certain conditions

12-Apr-2023 | No. 605-Agri.II (5)-2023/2649.

The Governor of Haryana has issued a notification regarding One Time Settlement Scheme with the purpose to recover the outstanding cane purchase tax and interest. Earlier, the government of Haryana used to levy tax on the basis of order dated October 31, 1977 wherein tax was levied at the rate of one rupees and fifty paise per quintal on the purchase of cane. In 2017, Goods and Service Tax were imposed from 01.07.2017 , however the State Government observed that some of the sugar mills of Haryana, Cooperative and Private Sugar Mills, have not deposited outstanding purchase tax and interest thereon from last many crushing seasons and a huge amount is accumulated resultantly. To recover this outstanding amount One Time Settlement scheme was launched with following conditions:
i. The outstanding interest is capped to an amount equal to the outstanding amount of purchase tax, as on 30.06.2017.
ii. If the entire amount (outstanding principal and interest subject to the cap) is paid by the concerned sugar mills within 3 months from the date of notification, 35% of such outstanding interest (as capped) will be waived off.
3. If the entire amount (outstanding principal and interest subject to the cap) is paid by the concerned sugar mills, after 3 months but within 6 months then 20% of the outstanding interest (as capped) will be waived off.

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