CBIC has released FAQs on Sabka Vishwas Scheme (Legacy Dispute Resolution), 2019

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CBIC has released FAQs on Sabka Vishwas Scheme (Legacy Dispute Resolution), 2019.

Following are some points which are covered under the FAQs:

1.Who is eligible to file declaration under the 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:

(a) Who has a show cause notice for duty or one or more appeals arising out of such notice pending and where the final hearing has not taken place as on June 30, 2019.
(b) Who has been issued show cause notice for penalty and late fee only and where the final hearing has not taken place as on June 30, 2019.
(c) Who has recoverable arrears pending.
(d) Who has cases under investigation and audit where the duty involved has been quantified and communicated to party or admitted by him in a statement on or before June 30, 2019.
(e) Who want to make a voluntary disclosure.

2. If an enquiry or investigation or audit has started but the tax dues have not been quantified whether the person is eligible to opt for the scheme?

No. If an audit, enquiry or investigation has started, and the amount of duty payable has not been quantified on or before June 30, 2019, the person shall not be eligible to opt for the scheme.

3. If a SCN covers multiple issues, whether the person can file an application under the scheme for only few issues covered in the SCN?

No. A person has to file declaration for entire amount of tax dues as per the SCN.

4. What is the scope of tax relief covered under section 124(1) (b) with respect to SCN for late fee and penalty only where the amount of duty in the said notice has been paid or is nil?

The tax relief shall be the entire amount of late fee or penalty.

Complete FAQs can be accessed at: http://www.a2ztaxcorp.com/wp-content/uploads/2019/08/Sabka-Vishwas-FAQs.pdf