Section 121 - Definitions.

Definition of amount payable clarifies calculation and declarant eligibility under the Sabka Vishwas settlement framework.

This Scheme prescribes defined meanings for principal terms governing declarations and relief: amount declared, amount estimated, amount in arrears, amount of duty and amount payable (tax dues less tax relief as determined by the designated committee). It specifies actor and procedural definitions-declarant, declaration, designated committee, statement, and discharge certificate-distinguishes audit from enquiry or investigation, and adopts undefined terms from the indirect tax enactments consistent with the Scheme.