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<h1>Sabka Vishwas Scheme Resolves Legacy Excise and Service Tax Disputes Under Finance Act Section 125 and Rule 3</h1> The Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019, established under section 125 of the Finance Act (No. 2), 2019, and governed by rule 3 of the related rules, aims to resolve legacy disputes in central excise and service tax matters. It provides a framework for taxpayers to declare and settle past disputes, offering relief from interest, penalties, and prosecution. The scheme, effective from September 1, 2019, was introduced to facilitate the quick resolution of pending cases, reduce litigation, and encourage voluntary compliance by taxpayers. Form SVLDRS-1 is used for declarations under this scheme.