Indirect Tax

1. Sabka Vishwas Scheme

  • Recently, the Sabka Vishwas-Legacy Dispute Resolution Scheme, 2019 was notified.
  • It was announced with the objective of settling pending disputes of Service Tax and Central Excise, which are now subsumed under GST.
  • The two main components of the Scheme are dispute resolution and amnesty –
    • The dispute resolution component is aimed at liquidating the legacy cases of Central Excise and Service Tax that are subsumed in GST and are pending inlitigation at various forums.
    • The amnesty component offers an opportunity to the taxpayers to pay the outstanding tax and be free of any other consequences under the law.

Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy April 2021 Issue

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content

Indian Economy