Hyderabad, May 12 -- The Telangana government has issued an order for one-time settlement scheme (OTS) which is expected to allow more time for Goods and Services Tax (GST) issues.
Lauding the State government of Telangana, the Federation of Telangana Chambers of Commerce and Industry (FTCCI) said the OTS will help release manpower engaged in legacy issues and allow more time for GST related issues.
It will also allow closure to litigations and at the same time effect early recoveries of tax dues, the industry body said.
Applications will be accepted online from May 16 to 30, followed by scrutiny, confirmation of arrears and intimation from July 1 to 15 and submission of settlement letter by tax payer and payment of agreed amount will...