SVLDRS Scheme

[Shyam Naik]

Dear Experts,

Whether online filing of SVLDR Scheme started?

Whether the benefit of the scheme can be availed in the following situation.

There was no SCN as at 30.06.19. SCN received in Oct-19. Whether the tax payer is eligible under Voluntary Disclosure.

Rgards,

Shyam

[KASTURI SETHI]

Whether the subject SCN is the result of an enquiry or investigation or audit conducted before 30.6.19 ? If so, whether the amount of duty payable was quantified and communicated on or before 30.6.19 by way of a written letter ? The Department issues Audit Report in advance and, thereafter, SCN follows. If SCN is result of audit, the date of receipt of Audit Report is relevant here. Also see Section 125(1) (e) and (f)(i) of the Finance (No.2) Act, 2019. (SVLDR Scheme, 2019).

[Shyam Naik]

Sir,

The enquiry was post 30.06.19.

AI Summary

SVLDRS eligibility depends on whether proceedings arose from audit or enquiry and prior quantification was communicated. SVLDRS eligibility depends on whether the SCN or proceeding resulted from an enquiry, investigation or audit instituted before the scheme cutoff and whether the amount of duty was quantified and communicated by written notice on or before the cutoff; if the SCN follows an earlier audit, the date of the audit report's issuance or receipt is material to entitlement under the scheme and relevant statutory provisions govern exclusion and entry.