Tax resolution, amnesty scheme announced

Govt. aims to eliminate bulk of pending cases, provide partial amnesty on dues


The government has announced a new scheme aimed at eliminating the bulk of pending tax dispute cases besides providing partial amnesty to those having tax dues.

Finance Minister Nirmala Sitharaman had, in her Budget speech, announced the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019. This scheme will be operationalised from September 1 with the window being open till December 31.

“[The] government expects the scheme to be availed of by a large number of taxpayers for closing their pending disputes relating to legacy service tax and central excise cases that are now subsumed under GST (Goods and Services Tax) so that they can focus on GST,” the government said in a statement.Read more

Source web page :The Hindu


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