Mysuru: The State Government has introduced ‘Karasamadhana Yojane-2019, a scheme that exempts the traders from payment of interest and penalty (100 percent) on pending taxes to the paid to the Commercial Taxes Department.
This scheme covers Karnataka Sales Tax Act 1957, Central Sales Tax Act, 1956, Karnataka Tax on Entry of Goods Act, 1979, Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976, Karnataka Agricultural Income Tax Act, 1957, Karnataka Tax on Luxuries (Hotels and Lodging Houses) Act, 1979, Karnataka Entertainments Tax Act, 1958 and Karnataka Value Added Tax Act, 2003.
