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.

INTRODUCTION

  • This Scheme shall be called the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019.
  • It shall come into force on such date when notified in the Official Gazette.
  • Declaration related to excisable goods set forth in the Fourth Schedule (Chapter 24 and 27) to the Central Excise Act, 1944 are not included under the Scheme.
  • The Scheme is applicable to the Central Excise Act, 1944 or the Central Excise Tariff Act, 1985 or Chapter V of the Finance Act, 1994 and 26 other Acts and the Rules made thereunder.

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