Latest news with #AmnestyScheme
Indian Express
22-07-2025
- Business
- Indian Express
Delhi MCD nets 50% of property tax target in first quarter. Here's how
The Municipal Corporation of Delhi (MCD) has achieved 50% of its property tax collection target in the first quarter of the current financial year, officials said on Monday. A total of Rs 1,650 crore has been collected so far against the target of Rs 3,200 crore. According to sources, the achievement can be attributed to the online payment mode, which started last July, and the Property Tax Amnesty Scheme 2025-26, known as Sumpattikar Niptaan Yojana (SUNIYO). 'Last year, we were able to collect only Rs 1,500 crore by this time due to payments made by cheques, a majority of which would bounce,' an official said, adding that a total of Rs 2,132 crore was collected against the target of Rs 4,000 crore last year. Till now, 59,411 taxpayers have availed of the SUNIYO scheme, and property tax to the tune of Rs 145.19 crore has been received. Under the one-time amnesty scheme valid from June 1 to September 30, a taxpayer can get a full waiver on arrears — interest and penalties — for periods before the financial year 2020-21, provided they pay the principal amount of property tax for the current year (2025-26) and the previous five financial years (2020-21 to 2024-25), as per an MCD circular. The official, explaining how the online mode is helpful, said that earlier, taxpayers used to submit the cheque at the last moment at the end of a financial year. With a cheque valid for three months, it used to get cleared in the next financial year. 'This used to get recorded twice by the system due to lack of reconciliation. Cheque bounce was also a major issue,' the official said. 'Numbers used to be high, but the actual amount with the department was less because of these reasons, and it was difficult for the officials to trace the person since they would – on many occasions — not write the full address,' the official added. On Monday, the civic body organised 2,333 property tax camps across the city's 12 zones to facilitate taxpayers in filing their taxes and availing benefits offered under the Amnesty Scheme. To avail of this benefit, taxpayers are required to file their online Property Tax Return (PTR) on the official MCD portal. Mayor Raja Iqbal Singh said more property tax camps will be organised in the coming days: 'In view of the encouraging response to the SUNIYO scheme, more property tax camps will be held in the coming days to ensure all eligible citizens can benefit from the amnesty.' He also announced that the last date to avail a 10% rebate on lump sum property tax payment for the current financial year has been extended till July 31.
Time of India
27-06-2025
- Business
- Time of India
ESIC approves amnesty and registration scheme for its beneficiaries
The Employees' State Insurance Corporation has approved the second phase of the SPREE scheme, relaunching it from July 1 to December 31, 2025, to encourage employer and employee registration. Additionally, the Amnesty Scheme 2025, offering a one-time dispute resolution window, will be available from October 1, 2025, to September 30, 2026. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Amnesty Scheme – 2025 Simplification of existing damages framework The Employees' State Insurance Corporation , on Friday, approved the second phase of the scheme to promote registration of employers or employees ( SPREE scheme ) while giving its go ahead to the amnesty scheme 2025 allowing one-time dispute renewed SPREE will be open from July 1 to December 31, 2025, offering a one-time opportunity for unregistered employers and left-out workers, including contractual and temporary staff, to enroll under the ESI Act Under the scheme, employers registering during this period will be treated as covered from the date of registration or as declared by them, while newly registered employees will be covered from their respective dates of registration.'The Employees' State Insurance Corporation has approved the re-launch of SPREE with the objective of expanding ESI coverage across the country,' the ministry of labour and employment said in a statement after the 196th meeting of ESIC under the chairmanship of labour and employment minister Mansukh introduced in 2016, the scheme facilitated the registration of over 88,000 employers and 10.2 million employees.'By focusing on voluntary compliance rather than penalization, the scheme will seek to ease the litigation burden, encourage formal registration, and foster improved engagement and goodwill among stakeholders,' it the Amnesty Scheme – 2025, a one-time dispute resolution window will be available from October 1, 2025 to September 30, 2026 aimed at reducing litigation and promoting compliance under the ESI Act.'For the first time, disputes along with cases involving damages and interest regarding coverage are included,' it said, adding the scheme aims to reduce the number of litigations by providing a mechanism for the resolution of disputes outside the court, offering employers an opportunity to come forward for a mutual settlement to promote ease of doing business, and earn the goodwill of all order to promote compliance, minimize disputes and foster a more conducive regulatory environment, ESCI will simplify its damages framework by replacing the earlier framework of graded rates in favour of straightforward fixed rate besides reducing the rate of damage to 1% every month as against 25% per the corporation has approved amendments to Rajiv Gandhi Shramik Kalyan Yojana (RGSKY) under which powers will be delegated to the director general, ESIC, to grant relaxation in submission of applications beyond the 12-month limit from the date of job loss under RGSKY on case-to-case a pilot project to improve healthcare access for ESI beneficiaries through charitable hospitals in underserved areas has also been approved.
Time of India
17-06-2025
- Business
- Time of India
Seminar on GST Amnesty Scheme and trader welfare initiatives
Thiruvananthapuram: The Kerala state goods and services tax (GST) department, in collaboration with the Traders Welfare Board, will organise a seminar on Wednesday to discuss the 2025-26 Amnesty Scheme and welfare initiatives for traders. The scheme, announced by finance minister K N Balagopal in the 2025-26 state budget, includes four categories: general amnesty, flood cess amnesty, bar hotel amnesty, and distillery arrears settlement. The general amnesty allows settlement of arrears under pre-GST laws such as Kerala VAT, sales tax, luxury tax and others. Eligible beneficiaries can avail significant waivers on interest and penalties, with tax dues categorised into three slabs. The seminar will also feature help desks to address trader queries. Key officials, including additional chief secretary K R Jyothilal, SGST commissioner Ajit Patil, Traders Welfare Board vice chairmen Raju Apsara and E S Biju, and special commissioner Abraham Renn S will address participants. The amnesty schemes, which came into effect on April 1, 2025, will conclude on June 30. Payments must be made through and application details uploaded via
Business Standard
06-05-2025
- Business
- Business Standard
Aspect Realty Breaks Ground on Landmark Project in Worli on the Auspicious Occasion of Akshaya Tritiya
NewsVoir Mumbai (Maharashtra) [India], May 6: In a landmark moment for Mumbai's luxury real estate market, Aspect Realty, the rapidly expanding real estate arm of Aspect Global Ventures, proudly announced the launch of their premium residential project, Shivam, on the auspicious occasion of Akshaya Tritiya. Strategically located in Worli, Mumbai, the project promises to redefine aspirational living in the heart of the city. Shivam is envisioned as a magnificent 57-storey residential tower, including a multi-level podium, standing at a height of 215 meters. Offering uninterrupted panoramic views of the Arabian Sea and Mumbai's city skyline from every apartment, the development spans an area of 5,50,000 sq ft. It promises a world-class living experience in the heart of the city. With an estimated completion timeline of six years, the project is poised to redefine luxury living in the heart of Mumbai. With a planned investment of Rs. 1,200 crore, the project is expected to generate a top-line revenue potential of approximately Rs. 3,850 crore upon completion. Prices are expected to start from Rs. 10 crore per apartment onwards, making it one of the few luxury projects in Worli offering panoramic sea views at a competitive rate relative to market benchmarks. Speaking on the occasion, Aksha Kamboj, Executive Chairperson of Aspect Global Ventures, said, "Shivam is not just another skyscraper--it is a symbol of our vision to deliver aspirational yet accessible homes that redefine city living. Unveiling it on Akshaya Tritiya, a day that signifies prosperity and new beginnings, adds deeper meaning to this milestone. Rooted in excellence, driven by integrity, and powered by innovation, this project reflects our unwavering commitment to shaping Mumbai's skyline with purpose, passion, and enduring value." Conceived in March 2024 under the Amnesty Scheme of the Government of Maharashtra, Shivam is already generating considerable excitement among homebuyers and investors for its strategic location, iconic design, and value-driven proposition. Aspect Realty is a forward-thinking real estate developer focused on delivering high-quality residential and commercial spaces with a strong emphasis on transparency, innovation, and long-term value. Aspect embodies a perfect blend of time-honoured values and forward-thinking innovation, with ventures spanning across diverse sectors. We are a global conglomerate with a footprint that extends to the USA, UK, Singapore, Japan, Australia and Dubai, establishing a dynamic presence in pivotal markets around the world. We are a diversified group of companies operating across various sectors, meeting the evolving demands of our nation. From bullion to realty, infrastructure to hospitality, logistics to sports--we are everywhere. We touch every corner of the world, championing a wide range of projects. We aspire to bring opportunities like never before in areas of employment, technology, infrastructure and sustainability with a commitment towards excellence to transcend lives for a better tomorrow. Our Vision: To be a global powerhouse where tradition and innovation unite, building a sustainable, impactful and visionary future for all stakeholders. Our Mission: To embrace our roots while propelling forward, delivering value through ethical, sustainable and pioneering solutions, and ensuring Aspect remains a symbol of trust, quality and progress for generations to come.
