Traders In Haryana Get Tax Relief: CM Launches One-Time Settlement Scheme 2025

Alankar Mishra

Author

Updated: 16-04-2025 at 12:55 PM

To enhance revenue collection and provide relief to the trading community, Haryana Chief Minister Nayab Singh Saini introduced the One-Time Settlement Scheme (OTSS) 2025 in Kurukshetra. The government scheme is intended to assist small traders, business owners, and shopkeepers settle their outstanding tax payments quickly and equitably.

What Is The One-Time Settlement Scheme 2025?

The OTSS-2025 is a targeted relief program aimed at clearing long-standing tax dues of traders. It provides structured payment slabs, attractive rebates, and full waivers on penalties and interest encouraging quick and fair settlement of old liabilities.

Key Features

Component	Details
Launch Date	March 2025
Eligibility	Traders with pending state tax dues
Rebate for Dues ≤ ₹10 lakh	₹1 lakh rebate + Pay 40% of the remaining amount
Dues between ₹10 lakh–₹10 crore	Pay 50% of total dues
Dues cover ₹10 crore	100% of assessed dues to be paid
Installment Option	Available for dues above ₹10 lakh (in 2 instalments)
Penalty/Interest	Fully waived
Duration of Scheme	Open for 6 months
Previous Classification Hurdles	Removed to simplify participation

Benefits

The amnesty service is a wonderful opportunity for businesses to take care of their outstanding taxes while rekindling their operations. It significantly boosts relief and relaxes the business climate, particularly for SMEs.

Reduced Financial burden due to Taxes.
Complete waiver for penalties and added interest.
Easily accessible structure for varying dues.
Less legal battles and more business opportunities.
Offers a new beginning financially for small and medium enterprises.

New Compliance & Transparency Measures

To help make the tax system clearer, more efficient, and friendly to businesses, CM Saini has introduced new reforms. These reforms are aimed at improving taxpayer’s trust by reducing harassment and speeding up processes.

Uniting state and central GST’s multilevel audits to prevent redundancy in inspections.
Taxation authority offices are outfitted with CCTVs for open Administration.
Automated GST refunds for speedier payments.
Increased billing limits to aid compliance for smaller traders.

Additional Trader Support Announcements

While discussing the event overview, CM Saini spoke about the government’s constant support to business practitioners, like:

Raising of commission for commission agents.
Increases in incentives to the MSME sectors and millers of rice.
Welfare Schemes for Traders to be initiated under the MSME Division.

Conclusion

The One Time Settlement Scheme 2025 represents an important relief step towards Haryana’s trader community. It has removed taxes and streamlined processes, which not only encourages business activities but also increases revenue collection by voluntary compliance with the scheme.

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