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of <h1>New Indirect Tax Dispute Resolution Scheme 2016: Settle Cases with Reduced Penalty, Immunity from Prosecution Available.</h1> The Central Government has introduced the Indirect Tax Dispute Resolution Scheme Rules, 2016, under the Finance Act, 2016, to resolve tax disputes. This scheme allows settlement of disputes by paying tax dues, interest, and 25% of the penalty for cases pending before the Commissioner (Appeals) as of March 1, 2016. Applicable declarations must be made by December 31, 2016, granting immunity from prosecution. Forms 1 to 4 are prescribed for declarations, acknowledgments, deposits, and discharge orders. The scheme excludes cases involving search and seizure, narcotics, certain offenses, or detention orders. A designated authority is appointed for further details.
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