Lucknow: The cabinet on Friday cleared a proposal to implement the Uttar Pradesh Interest Waiver Scheme-2026. Under this, interest and penalties on outstanding dues under various tax laws, up to Dec 31, 2025, will be waived of. One can avail of benefits under this scheme for three months.
Finance minister Suresh Khanna said that the scheme will be applicable to dues under UP Sales Tax Act, 1948, Central Sales Tax Act, 1956, UP Entertainment and Betting Tax Act, 1979, UP Trade Tax Act, 1995, UP Entry Tax Act, 2007, UP Value Added Tax Act, 2008, and UP Cable Television Network Rules, 1997. “The scheme is being introduced to waive interest and penalties levied on outstanding dues up to the stipulated date.
The scheme will also provide an opportunity to encourage the settlement of old tax disputes and outstanding dues,” Khanna said. It will provide relief to taxpayers with pending dues under the relevant tax laws.