Procedure - Sabka Vishwas (Legal Dispute Resolution) Scheme



Description:
In the Finance Act, 19-20, the Central Government has introduced a dispute resolution scheme called Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 with an objective to settle the duty/tax (service tax and central excise) disputes pending at various stages. The salient features of the scheme is as under 1. Tax/duty disputes pending at various stages (Adjudication, Commissioner (Appeals), CESTAT, HC & SC) 2. Tax/duty arrears against the order which has reached finality or has not been appealed· 3. Voluntary disclosure of the tax/duty to be paid. (100 % tax/duty to be paid) can be settled by making the partial payment (i.e, 30%, 40%, 50%, 60% - depending on the stage at which the case is pending) of duty/tax under dispute, with a complete waiver of Interest and penalties. The attached file gives a broad picture of how the scheme works #pdf

Submitted By:
  on 24 August 2019

Scorecard : 35 My Other Files

Downloaded:
131 times

File size:
157 KB

Rating:

Download Other files in Union Budget category






Download Similar Files :






×

  CCI MENU

close
CA Learning
Online GST Class    |    x