Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019

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....on the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019. Subsequently, the Board has received further references from field formations as well as from the trade seeking certain clarifications on the Scheme. 2. The references received by the Board have been examined, and the issues raised therein are clarified in the context of the various provisions of the Finance (No.2) Act, 2019 and Rules made there-under, as follows: (i) Section 123 (c) states that 'tax dues' means, inter alia, where an audit is PENDING and the amount of duty payable has been quantified on or before the 30th day of June, 2019. Some field formations are taking a view that in case the Final Audit Report (FAR) has been issued, the audit is not pending an....

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....on129(2)(c)]. (iii)   A doubt has also been expressed whether a party who has filed an ST-3 return and has also paid the dues in FULL before filing the application but still wants to avail the benefits of the scheme for interest on the late paid dues is eligible. In this regard, attention is invited to illustrations (a) and (b) under Para 2(iv) of Circular No. 1072/05/2019-CX dated 25.09.2019, given in the context of arrears of confirmed demand. It is clarified that these also cover the cases of arrears of tax liability admitted under returns filed on or before 30.06.2019. (iv)   Vide Circular No. 1072/05/2019-CX dated 25.09.2019 [Para 2(iii)], it was clarified that a separate declaration will need to be filed for ....