https://www.taxtmi.com/caselaws?id=433192 Debiting the petitioners' bank account on 30 June 2020 was treated as timely payment under Rule 7 of the Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019, even though the amount reached the Government account on 1 July 2020. The Court viewed the Scheme as a beneficial amnesty measure, noted that the Designated Committee had already determined the tax dues, and held that the petitioners were not responsible for the inter-bank or portal-related delay. The short lag between debit and credit could not defeat compliance where payment was initiated within the extended deadline. The petitioners were therefore entitled to the discharge certificate, and rejection of their declaration was unsustainable. en-us Wed, 27 Jul 2022 00:00:00 +0530 Tue, 24 Jan 2023 10:11:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433192 Debiting the petitioners' bank account on 30 June 2020 was treated as timely payment under Rule 7 of the Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019, even though the amount reached the Government account on 1 July 2020. The Court viewed the Scheme as a beneficial amnesty measure, noted that the Designated Committee had already determined the tax dues, and held that the petitioners were not responsible for the inter-bank or portal-related delay. The short lag between debit and credit could not defeat compliance where payment was initiated within the extended deadline. The petitioners were therefore entitled to the discharge certificate, and rejection of their declaration was unsustainable. Case-Laws Service Tax Wed, 27 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433192