–Sabka Vishwas (Legacy Dispute Resolution) Scheme 2019 is a Dispute Resolution cum Amnesty Scheme for legacy cases of Central Excise, Service Tax and Cess.
–GST has just completed two years. An area that concerns me is that we have huge pending litigations from pre-GST regime. More than Rs. 3.75 lakh crore is blocked in litigations in service tax and excise. There is a need to unload this baggage and allow business to move on. I, therefore, propose, a Legacy Dispute Resolution Scheme that will allow quick closure of these litigations. I would urge the trade and business to avail this opportunity and be free from legacy litigations.
-A dispute resolution cum amnesty scheme for resolution and settlement of legacy cases.
-covers past disputes of taxes which have got subsumed in GST namely Central Excise, Service Tax and Cesses
-The scheme to be available from a date to be notified.
Taxes/Cesses covered under the Scheme
|Details||Amount (In Rs)||Relief|
|Tax dues relatable to SCN or appeal arising out of such SCN which is Pending as on 30.06.2019 and||< 50 lakhs||70% of the Tax dues|
|—— Do—–||> 50 lakhs||50% of the Tax dues|
|Tax dues relatable to SCN for late fee or penalty only and the amount of duty has been paid or is nil||Entire amount of late fee or penalty|
|Tax Dues are relatable to amount in arrears||< 50 lakhs
> 50 lakhs
|60% of the Tax dues 40% of the Tax dues|
|Tax dues are linked to an enquiry, investigation or audit against the declarant and the amount quantified on or before 30th June||< 50 lakhs
> 50 lakhs
|70% of tax dues 50% of tax Dues|
|Tax dues are on account of voluntary disclosure by the declarant||No relief|