Income Tax : 32 Amendments relating to Assessment Year 2020-21 (Finance Act 2019) alongwith Section 111A, 112, 112A, 115JB, 115JC, 115BAA and 1...
Income Tax : FINANCE ACT 2019- AMENDMENTS (Applicable for AY 2020-21 i.e FY 2019-20) Some important amendments made by Finance Act 2019 to be n...
Income Tax : What is Section 194M, Reason for the introduction of Section 194M, What is the meaning of ‘work’, ‘contract’, and ‘profe...
Excise Duty : Who is eligible to file declaration under SABKA VISHWAS (LEGACY DISPUTE RESOLUTION) SCHEME, 2019? Any person falling under the fol...
Excise Duty : Dispute Resolution scheme came by Finance (No. 2) Act ‘2019 to give major relief to the taxpayers having unpaid outstanding ...
Excise Duty : Free Updated E-Book on Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 as on October 09, 2019 by Mr. Bimal Jain In the Unio...
Excise Duty : Sabka Vishwas – Legacy Dispute Resolution Scheme notified ; to be operationalized from 1st September 2019 Government expects...
Income Tax : DIRECT TAXES THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NEW DELHI POST-BUDGET MEMORANDUM – 2019 A. INTRODUCTION 1.0 The Cou...
Income Tax : List No. 3′ LOK SABHA ——– FINANCE (NO.2) BILL, 2019 [As introduced in Lok Sabha] Notice of Amendments S.No...
CA, CS, CMA : As the Announcement under UNION BUDGET 2019 had proposed a new section 194 M of the Income Tax Act,1961, which requires an Individ...
Excise Duty : Only the persons who are eligible in terms of Section 125 can file a declaration under the Scheme. The eligibility conditions are ...
Income Tax : Taxation Laws (Amendment) Ordinance, 2019 amends Section 92BA, section 115BA Section 115JB, Section 115QA and Finance (No.2) Act, ...
Excise Duty : As you may be aware. the `Sabka Vishwas Legacy Dispute Resolution Scheme’ will come into effect on 1st September 2019. There...
Excise Duty : Circular No. 1071/4/2019-Central Excise.8 F. No. 267/78/2019/CX-8-Pt.III Government of India Ministry of Finance Department of Rev...
Income Tax : Government hereby appoints the 9th day of August, 2019, as the date on which the provisions of Part I, IV, VI & VII of Chapter...
Any person can avail the benefits of Sabka Vishwas for any issue. The only qualifying criteria is the stage and pendency of case in terms of aforesaid rule. The meaning of ‘case’ under this rule is defined and it says:
In the Union Budget 2019-20, the Finance Minister announced the Sabka Vishwas-Legacy Dispute Resolution Scheme, 2019. The Scheme has now been notified and will be operationalized from 1st September 2019 and it will continue till 31st December 2019.
Many of the assessee are worried whether they can avail the scheme specified under SVLDRS or if they are ineligibile pursuant as if provision of Sec 125(1)(e) Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 will be applicable on them. The main point of concerned is the notices they have received wrt verification of Service tax […]
Chapter V of Finance (No. 2) Act, 2019 In the past, indirect tax laws were fraught with huge pending litigation with more than Rs. 375,000 crores being blocked in Service Tax- and Central Excise-related litigations. In Budget 2019, the Honourable Finance Minister Nirmala Sitharaman proposed to introduce a dispute-resolution scheme, the Sabka Vishwas (Legacy Dispute Resolution) Scheme 2019, for cases […]
User – Manual – View /Actions on applications submitted under SVLDR Scheme,2019 Tax officer’s User manual for SVLDRS: Step 1: There will be one member in each designated committee with Approval Permissions i.e. the officer will be able to issue SVLDRS 2/2B/3/4 . The Tax officer of the designated committee login with his SSO-ID and […]
Tax Payer User -Manual For Form 2A /other actions under Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS, 2019) Tax payer’s login: Step 1: The tax payer clicks on the “Apply SVLDRS Scheme” & the taxpayer enters his Login ID and Password. – Step 2: The taxpayer clicks on the “View SVLDRS” from Menu >> […]
Manual View applications submitted under SVLDR Scheme,2019 Step by step process: Step 1 : The tax officers of the designated committee will login in application using their SSO-ID. Step2: The tax officer clicks on GST icon from the screen. Step 3 : The tax officer click on the ” Menu “. Step 4: From the […]
SABKA VISHWAS (LEGACY DISPUTE RESOLUTION) SCHEME, 2019 Government has announced the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 as a part of the recent Union Budget Further, in accordance with the Finance (No 2) Act, 2019, the Central Government has notified the Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019 as well as issued Notification […]
ELIGIBILITY/INELIGIBILITY UNDER SVLDRS, 2019 Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 CATEGORY OF APPLICATION > Litigation i. SCN involving Duty along with Interest/ Late fee/ penalty (if any) – 124(1)(a) Case I SCN Received before 30 June 2019; Final Hearing has not taken place as on 30 June 2019 ELIGIBLE. Relief U/s 124(1)(a) Tax […]
The Sabka Vishwas Legacy Dispute Resolution Scheme announced by the Union government in its 2019-20 Budget will be operational from 1st September 2019 till 31st December 2019. The scheme particularly focuses in closing all their pending disputes relating to legacy issues in service tax, central excise & several cesses which are now subsumed under GST […]
