The Telangana government has issued orders for the implementation of One Time Settlement scheme for clearance of property tax arrears in the urban local bodies (ULBs) across the state, including the Greater Hyderabad Municipal Corporation (GHMC), according to media reports.

• The move aims to provide relief to property taxpayers and encourage timely settlement of tax dues.
• Under the OTS, the government has ordered a waiver of 90% on accumulated arrears interest on property tax, provided the taxpayers clear the principal amount of dues till the financial year 2022-2023 together with 10% of interest at one go.
• The waiver is applicable to private and government properties within the GHMC limits and other ULBs.
• The One Time Scheme is also applicable to all taxpayers who have already cleared their property tax dues, including interest and penalties, up to March 2023, before the scheme was implemented.
• The waived amount in such cases will be adjusted against future tax payments, the orders stated.