Haryana OTS Scheme – The One Time Settlement-2024 (OTS) scheme was introduced by Haryana Chief Minister Manohar Lal Khattar on Sunday. This initiative aims to fulfill a long-standing desire from the state’s business community and traders to settle outstanding tax payments related to the pre-GST era. Read below to check the detailed information related to the Haryana One Time Settlement Scheme like Highlights, Features and benefits, Categories, Eligibility Criteria, Registration Process of the Haryana OTS Scheme, and much more.
Haryana OTS Scheme 2024
In response to a persistent plea from the trade and business community people in Haryana to resolve pre-GST tax obligations, Chief Minister Manohar Lal Khattar introduced the One Time Settlement-2023 (OTS) Scheme on Sunday. The program will run from January 1 to March 30, 2024. Under the OTS-2023 system, firms can settle their pre-GST tax bills. Taxes are divided into four classes, and instances about seven tax statutes that were in force before the GST are free from interest and penalties. Chief Minister Manohar Lal also declared the launch of the GST Training Institute in Gurugram in association with HIPA.
“सबका साथ-सबका विकास” की नीति पर चलते हुए हमारी सरकार व्यापारियों के कल्याण हेतु निरन्तर कार्य कर रही है।
हमने राज्य में उद्योग-व्यापार को बढ़ावा देने व व्यापारियों को कारोबार करने के लिए सुरक्षित माहौल प्रदान किया है। यही वजह है कि पूरे देश में ईज ऑफ डूइंग बिज़नेस के मामले में… pic.twitter.com/8YAeLUbJTY — Manohar Lal (@mlkhattar) December 31, 2023
Haryana One Time Settlement Scheme Details in Highlights
| Name | Haryana OTS Scheme |
| Introduced by | Haryana Chief Minister Manohar Lal Khattar |
| Introduced on | Sunday |
| State | Haryana |
| Beneficiaries | Trade and business community people of Haryana |
| Start date | 01st Jan 2024 |
| Last date | 30th March, 2024 |
| Official Website | – |
Features & Benefits of Haryana OTS Scheme
Some of the key features and benefits of the Haryana OTS Scheme are as follows:
- The Haryana OTS Scheme was introduced by Haryana Chief Minister Manohar Lal Khattar on Sunday
- The program will run from January 1, 2024, to March 30, 2024.
- The tax amount is separated into four categories under the OTS method, beginning with an undisputed fee category for uncontested cases.
- The entire sum in this category, with no penalties or interest, will be paid by taxpayers.
- Thirty percent of the unpaid balance is what taxpayers must pay for contested taxes under Rs 50 lakh.
- Taxpayers who owe less than Rs 10 lakh are required to pay the whole amount in one lump payment by March 30th.
- The sum can be paid in two installments of 52% each for Rs 10 lakh to Rs 25 lakh.
- The payment can be made in three installments if the balance owed exceeds Rs 25 lakh: 40% in the first ninety days, 30% in the following ninety days, and 30% in the last ninety days.
Haryana OTS Scheme Categories
The tax amount is separated into four categories under the OTS approach, beginning with an undisputed fee category for uncontested cases. The entire sum in this category, with no penalties or interest, will be paid by taxpayers. Thirty percent of the unpaid balance is what taxpayers must pay for contested taxes under Rs 50 lakh. Uncontested taxes determined by the department in cases where no appeal was filed fall into the third category.
If the sum is less than Rs 50 lakh, taxpayers will pay 40%, and if it exceeds Rs 50 lakh, 60%. Additionally, this group provides an exemption from fines and interest. The outstanding amounts resulting from different tax rates fall into the fourth category. Here, the taxpayer only has to pay 30% of the total because the government has discounted the sum. The OTS program not only offers tax relief but also convenient financing choices.
Eligibility Criteria for Haryana One Time Settlement Scheme
The applicants applying for the Haryana OTS Scheme must fulfill the following eligibility criteria:
- The applicant must be a resident of Haryana
- The applicant must be from the Haryana’s Trader and Business Community
Registration Process of Haryana OTS Scheme
The Government of Haryana has recently introduced the Haryana OTS Scheme. The government has not yet published the official website for this; however, the government will do so shortly. We will update this post as soon as there is a fresh update on this plan.