Small traders can heave a sigh of relief as the Chhattisgarh government has decided to waive VAT dues of up to Rs 25,000 in cases pending for more than 10 years : officials said on Saturday.
The move to write off old VAT dues is expected to benefit more than 40,000 traders and will help reduce litigation in more than 62,000 cases, significantly easing the compliance burden, they pointed out.
Simultaneously, multiple amendments to GST Goods and Service Tax provisions will also be introduced under the broader agenda of improving the business climate in the state, they said.
During the cabinet meeting chaired by Chief Minister Vishnu Deo Sai on Friday, the drafts of Chhattisgarh Goods and Services Tax (Amendment) Bill 2025 and Chhattisgarh Settlement of Outstanding Tax, Interest and Penalty Amendment Bill 2025 were approved, an official release said.
Both legislations will be tabled in the upcoming Monsoon Session of the assembly set to begin on July 14, it added.
Copyright © boyuanhulian 2020 - 2023. All Right Reserved.