Sabka Vishwas Legacy Dispute Resolution Scheme, 2019


Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 Objective One time measure for liquidation of past disputes of Central Excise and Service Tax To provide an opportunity of voluntary disclosure to non-compliant taxpayers Cases covered under the Scheme A show cause notice or appeals arising out of a show cause notice pending as on the 30th day of June, 2019 An enquiry, investigation or audit where the amount is quantified on or before the 30th day of June, 2019 A voluntary disclosure. Exclusions from the Scheme (this includes tobacco and specified petroleum
products) Cases in respect of excisable goods set forth in the Fourth Schedule to the Central Excise Act, 1944 Cases for which the taxpayer has been convicted under the Central Excise Act, 1944 or the Finance Act, 1994 Cases involving erroneous refunds Cases pending before the Settlement Commission. Total waiver of interest, penalty Cases pending in adjudication or appeal, a relief of 70% from the duty demand if it is ₹ 50 Lakh or less and 50% if it is more than ₹ 50 Lakh The same relief for cases under investigation and audit where the duty involved is quantified on or before 30th June, 2019 In cases of voluntary disclosure, the declarant will have to pay full amount of disclosed duty

36 thoughts on “Sabka Vishwas Legacy Dispute Resolution Scheme, 2019

  1. Respected sir Guide Declared in Return but not paid tax but by mistake challan number show in return. I eligible this scheme.

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