SVLDRS 2019

Discripancy in Sabka Vishwas Scheme

Excise Duty - Many of the Assessees are worried whether they can avail the SVLDRS scheme under LITIGATION OR ARREARS, if the order is received on or before 30.06.2019 and the statutory time limit for filing appeal was available upto two or three months. i.e. after 01.07.2019. In the recent CBIC FAQ dt. 24.12.2019 in Question No.6, the […]...

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SVLDR Scheme 2019 | For closing past litigations or to create new litigations?

Excise Duty - Whether Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019, is for closing of the past litigations or to create new litigations? It has been more than two and half years since implementation of GST in India. However, there are huge pending litigations from pre-GST regime. Therefore, with a view to quick closure of these litigations, v...

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FAQs: Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019

Excise Duty - Who is eligible to file declaration under SABKA VISHWAS (LEGACY DISPUTE RESOLUTION) SCHEME, 2019? Any person falling under the following categories is eligible, subject to other conditions under the Scheme, to file a declaration:...

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Monthly GST Updates-December 2019

Excise Duty - 38th council meeting which is the last meeting of the year held on 18th December, 2019 chaired by our honorable Union Finance Minister for Finance and Corporate affairs Smt Nirmala Sitharaman. The GST Council has taken several decisions in order to improve revenue collection, for GST rates rationalization....

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Practical Approach – Sabka Vishwas (Legacy Dispute Resolution) Scheme

Excise Duty - Long Awaited and Vital scheme for Taxpayers……. Finally, in the Union Budget 2019-20, the Hon’ble Finance Minister announced the Sabka Vishwas-Legacy Dispute Resolution Scheme, 2019. The Scheme has now been notified and operationalized from 1st September 2019. The Scheme would continue till 31st December 2019. Government expects ...

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Sabka Vishwas date extended upto 15 Jan, taxpayers commit Rs 30627 Cr

Excise Duty - Keeping in view the response of the taxpayers to the Sabka Vishwas (Legacy Dispute Resolution) Scheme, the Central Government today extended it for a period of fifteen days, till 15th January, 2020. This is one-time and final extension in view of taxpayers’ response....

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CBIC reaches out to BSE members on SABKA VISHWAS Scheme

Excise Duty - Directorate General of Taxpayer Services, Mumbai Zonal Unit, Central Board of Indirect Taxes and Customs organized a Symposium on SABKA VISHWAS (Legacy Dispute Resolution) Scheme, (SVLDRS) 2019 on 23rd December, 2019 at 4.00 pm to 5.00 pm at BSE Auditorium, 1st Floor, BSE, Fort, Mumbai, for the members of Bombay Stock Exchange....

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Presentation by Revenue Secretary on major initiatives taken on taxation

Excise Duty - Smt. Nirmala Sitharaman, Union Minister for Finance & Corporate Affairs, held a press conference on the measures taken to boost economy.  Dr. Ajay Bhushan Pandey, Secretary, Revenue Department, gave a presentation on the Major Initiatives taken by the Revenue Department on taxation....

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SVLDRS 2019- Govt accepts only 2828 application till 18.11.2019

Excise Duty - The main components of Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 are dispute resolution and amnesty. The number of applications received from taxpayers, including small taxpayers, and disputes resolved as on 18.11.2019 are as under:...

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Background Material on Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019

Excise Duty - Goods & Services Tax (GST) introduced in India on 1st July, 2017, subsumes seventeen tax legislations including various central legislations. The Hon’ble Union Finance Minister announced a dispute resolution cum amnesty scheme called “the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019” in the Union Budget 2019-20 for res...

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SVLDR 2019 Circular dated 25.09.2019 is not violative of Scheme: Delhi HC

Nidhi Gupta Vs Union of India and Anr. (Delhi High Court) - Nidhi Gupta Vs Union of India and Anr. (Delhi High Court) In view of Rule 3 of the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019, which is floated under the provisions of Finance Act, 2019, and looking to the definition of “amount in arrears”as stated herein above, by no stretch of imag...

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Govt extends SVLDRS 2019 scheme till 15.01.2020

Notification No. 07/2019-Central Excise (N.T.) [G.S.R. 979(E)] - (31/12/2019) - Government has extended the SVLDRS as a one-time measure for a fortnight up to 15.01.2020 vide Notification No. 07/2019 Central Excise-NT dated 31st December, 2019....

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No extension of Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019

F No 267/78/2019/CX-8-Pt III - (16/12/2019) - Sabka Vishwas [Legacy Dispute Resolution] Scheme 2019 has now ONLY fifteen calendar days to go before it concludes on 31.12.2019. There shall be  NO extension of the Scheme beyond 31.12.2019....

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Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019- CBIC clarifies 9 Issues

Circular No. 1074/07/2019-CX - (12/12/2019) - Section 124(2) provides for adjustment of any amount paid as pre-deposit at any stage of appellate proceedings or as deposit during enquiry, investigation or audit. However, an amount paid after issuance of show cause notice but before adjudication are not mentioned therein....

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Govt extends SVLDRS, 2019 to 8 More enactments

Notification No. 06/2019 Central Excise (N.T.) [GSR. 895(E).] - (04/12/2019) - Government hereby specifies the following enactments to which the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 shall be applicable, namely:-...

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Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019-5 Major Clarifications

Circular No. 1073/06/2019-Central Excise - (29/10/2019) - Representations have also been received that the cases where appeals were filed after 30.06.2019 should also be allowed relief under the Scheme. It is stated that such cases are not covered per se. However, if a taxpayer withdraws the appeal and furnishes the undertaking to the department in terms o...

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Recent Posts in "SVLDRS 2019"

Discripancy in Sabka Vishwas Scheme

Many of the Assessees are worried whether they can avail the SVLDRS scheme under LITIGATION OR ARREARS, if the order is received on or before 30.06.2019 and the statutory time limit for filing appeal was available upto two or three months. i.e. after 01.07.2019. In the recent CBIC FAQ dt. 24.12.2019 in Question No.6, the […]...

Read More
Posted Under: Service Tax |

SVLDR Scheme 2019 | For closing past litigations or to create new litigations?

Whether Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019, is for closing of the past litigations or to create new litigations? It has been more than two and half years since implementation of GST in India. However, there are huge pending litigations from pre-GST regime. Therefore, with a view to quick closure of these litigations, v...

Read More
Posted Under: Service Tax |

FAQs: Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019

Who is eligible to file declaration under SABKA VISHWAS (LEGACY DISPUTE RESOLUTION) SCHEME, 2019? Any person falling under the following categories is eligible, subject to other conditions under the Scheme, to file a declaration:...

Read More
Posted Under: Service Tax |

Monthly GST Updates-December 2019

38th council meeting which is the last meeting of the year held on 18th December, 2019 chaired by our honorable Union Finance Minister for Finance and Corporate affairs Smt Nirmala Sitharaman. The GST Council has taken several decisions in order to improve revenue collection, for GST rates rationalization....

Read More
Posted Under: Service Tax |

Govt extends SVLDRS 2019 scheme till 15.01.2020

Notification No. 07/2019-Central Excise (N.T.) [G.S.R. 979(E)] (31/12/2019)

Government has extended the SVLDRS as a one-time measure for a fortnight up to 15.01.2020 vide Notification No. 07/2019 Central Excise-NT dated 31st December, 2019....

Read More

Sabka Vishwas date extended upto 15 Jan, taxpayers commit Rs 30627 Cr

Keeping in view the response of the taxpayers to the Sabka Vishwas (Legacy Dispute Resolution) Scheme, the Central Government today extended it for a period of fifteen days, till 15th January, 2020. This is one-time and final extension in view of taxpayers’ response....

Read More
Posted Under: Service Tax |

SVLDR 2019 Circular dated 25.09.2019 is not violative of Scheme: Delhi HC

Nidhi Gupta Vs Union of India and Anr. (Delhi High Court)

Nidhi Gupta Vs Union of India and Anr. (Delhi High Court) In view of Rule 3 of the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019, which is floated under the provisions of Finance Act, 2019, and looking to the definition of “amount in arrears”as stated herein above, by no stretch of imagination it can be […]...

Read More

CBIC reaches out to BSE members on SABKA VISHWAS Scheme

Directorate General of Taxpayer Services, Mumbai Zonal Unit, Central Board of Indirect Taxes and Customs organized a Symposium on SABKA VISHWAS (Legacy Dispute Resolution) Scheme, (SVLDRS) 2019 on 23rd December, 2019 at 4.00 pm to 5.00 pm at BSE Auditorium, 1st Floor, BSE, Fort, Mumbai, for the members of Bombay Stock Exchange....

Read More
Posted Under: Service Tax |

No extension of Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019

F No 267/78/2019/CX-8-Pt III (16/12/2019)

Sabka Vishwas [Legacy Dispute Resolution] Scheme 2019 has now ONLY fifteen calendar days to go before it concludes on 31.12.2019. There shall be  NO extension of the Scheme beyond 31.12.2019....

Read More

Presentation by Revenue Secretary on major initiatives taken on taxation

Smt. Nirmala Sitharaman, Union Minister for Finance & Corporate Affairs, held a press conference on the measures taken to boost economy.  Dr. Ajay Bhushan Pandey, Secretary, Revenue Department, gave a presentation on the Major Initiatives taken by the Revenue Department on taxation....

Read More
Posted Under: Service Tax |

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