July 24, 2025

In a recent announcement, the Chief Minister of Karnataka has provided a major relief to traders by declaring that old tax arrears will not be pursued. This exemption is subject to the condition that all such traders register under the Goods and Services Tax (GST) system and commence regular tax payments in the future. This move aims to encourage tax compliance and formalization of the economy. For more details, you can read the full article <a href='https://www.thehindubusinessline.com/news/karnataka-cm-assures-no-taxes-on-exempt-goods-eases-gst-concern/article69847614.ece'>here</a>.

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Tags: Tax, Gst, Relief, Traders, Karnataka,