Compiled by- GST & Central Excise, Chennai Outer
Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019
THE FINANCE (No.2) BILL, 2019
Objective of the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019
The Scheme is a one time measure for liquidation of past disputes of Central Excise, Service Tax and 26 other indirect tax enactments.
The Scheme provides that eligible persons shall declare the unpaid tax dues and pay the same in accordance with the provisions of the Scheme.
The Scheme provides for certain immunities including penalty, interest or any other proceedings including prosecution to those persons who pay the declared tax dues.