Team Goemkarponn
PANAJI: The Office of the Commissioner of Commercial Taxes has issued a trade circular announcing a final opportunity for dealers and individuals to settle outstanding tax arrears under the GRATIPOS Act, 2023, through a newly inserted Section 8A.
The amendment provides relief to those who either failed to apply under the original 2023 settlement scheme or whose dues could not be settled earlier for various reasons.
Under the new provision, applicants must pay 100% of the tax demanded or due by December 31, 2025, and subsequently submit online Form IA to seek waiver of interest, penalty, and post-assessment interest. The form is available on the department’s official website.
However, authorities clarified that excess amounts resulting from settlement will not be refunded, and dealers must exercise extreme caution when generating e-challans. Payments made under an incorrect Act, financial year, or tax head will not be eligible for refund or adjustment.
The last date for filing Form IA seeking waiver of interest or penalty is March 31, 2026.
The department urged all dealers and stakeholders to avail of the scheme to clear long-pending dues and avoid coercive recovery measures.
