Pre-GST Amnesty Scheme aimed at Small-Scale Trader Relief, says Kerala Finance

The Kerala Finance Minister, K.N. Balagopal, announced a pre-GST amnesty scheme aimed at providing relief to small-scale traders. This scheme is designed to help small businesses settle their outstanding tax liabilities before the Goods and Services Tax (GST) regime came into effect. By offering this amnesty, the government aims to reduce the burden on these traders and simplify their transition to the GST system. The scheme will allow for the settlement of pending tax dues without penalties or interest, helping to alleviate financial stress on small businesses and encouraging their compliance with the new tax regime.