Odisha Supplies Civil Society seeks waiver of interest and penalty tax – The New Indian Express
BHUBANEWAR: Odisha State Civil Supply Company (OSCSC) Ltd urged the state government to waive interest and penalties for late filing of VAT tax. The company, which is a “no-loss-no-profit” state government enterprise, wrote to the Ministry of Finance requesting a full waiver of interest and penalties from April 2013 to August 2015.
Sources said the company delayed filing the monthly amount of VAT for which Deputy Trade Tax Commissioner Bhubaneswar (Circle IV) imposed interest and penalties for the period.
âThe company challenged the assessment order in Odisha’s sales tax court, Cuttack. Since the entire share capital of OSCSC Ltd is contributed by the state government, the imposition of interest and penalties will be an additional burden, âthe letter said to the senior secretary of the finance department.
The state has 2,500 primary agriculture companies that source paddy from around 12 lakhs of farmers through around 3,000 mandis. The purchasing centers are located in remote areas. However, the VAT filing was delayed due to the late arrival of the mandis supply data.
The company submitted a proposal to waive the 1.26 crore rupees charged during the period. He has already filed a VAT of Rs 283.27 crore, Rs 329.31 crore and Rs 411.97 crore in three years from 2012-13 to 2014-15.
Meanwhile, the Company has authorized districts to continue harvesting wheat for the months of December 2021 and January 2022 until January 15 and January 31 respectively, as distribution will begin from January 16.