TAMIL NADU

Minister thanked for extending scheme

Staff Reporter

MADURAI: The Tamil Nadu Chamber of Commerce and Industry has thanked Commercial Taxes Minister S.N.M. Ubaydullah for extending the Tamil Nadu Sales Tax (Settlement of Arrears) Scheme. The last date for submitting application was originally January 31.

As the scheme was yet to reach all traders, chamber senior president S. Rethinavelu said, the chamber had requested the Minister to extend it. Acceding to the request, the Minister extended the deadline to March 31. Under the scheme, it is enough to pay one-third of the disputed tax amount with 6 per cent annual interest. The penalty will be waived. In case of admitted tax arrears, the entire amount has to be paid up with the same interest of 6 per cent.

The chamber also requested traders and industrialists to utilise the scheme for settling tax arrears.

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