In the Union Budget 2019-20, the Hon’ble Finance Minister announced the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 (“SVLDRS, 2019” or “the Scheme”) to close the pending legacy disputes of Service Tax and Excise. The Scheme has now been notified and is in operation from September 1, 2019, which would continue till December 31, 2019. The amnesty component of the Scheme offers an opportunity to the taxpayers to pay specified percentage of outstanding tax and be free of any other consequences under law. The most attractive aspect of the Scheme is that it provides substantial relief in the tax dues for all categories of cases as well as full waiver of interest, fine, penalty. In all these cases, there would be no other liability of interest, fine or penalty. There is also a complete amnesty from prosecution. The basic aim of the Government behind introducing this Scheme is to unload the baggage of more than INR 3.75 lakh crores blocked in litigations in Service Tax & Excise and allow the businesses to move on. Hence, the Government expects the Scheme to be availed by large number of taxpayers for closing their pending disputes relating to legacy Service Tax and Central Excise cases that are now subsumed under GST so they can focus on GST.
Release of E-Book on Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 by Mr. Bimal Jain
There are many ifs and buts surrounding the minds of the taxpayers who are facing the brunt of pre-GST litigation and want to seek relief of this Amnesty Scheme. Considering the immediate importance of SVLDRS, 2019 having shelf life of 4 months, Mr. Bimal Jain, Executive Director, A2Z Taxcorp LLP, is releasing his E-Book on the Scheme titled ‘E-Handbook on Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019’.
Link to download E·Book:
You can access the E-Book at: https://wp.me/a6Skak-aLP
Video by Mr. Bimal Jain:
You can access the complete video on “Overview & Analysis of Sabka Vishwas Legacy Dispute Resolution Scheme 2019” at following link:
Trust you will find the E-Book very helpful. We would be pleased to have constructive feedback of our readers.
Happy Reading !!