Sabka Vishwas – Legacy Dispute Resolution Scheme

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....abka Vishwas – Legacy Dispute Resolution Scheme <br>News and Press Release<br>Dated:- 25-11-2019<br><BR>The aim of Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 is to help taxpayers, including small taxpayers, in clearing the baggage of disputes under legacy taxes (Service Tax and Central Excise), which are subsumed in Goods and Service Tax. This was stated by Shri Anurag Thakur, Union ....

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....Minister of State for Finance & Corporate Affairs, in a written reply to a question in Lok Sabha today. The main components of the Scheme are dispute resolution and amnesty. The number of applications received from taxpayers, including small taxpayers, and disputes resolved as on 18.11.2019 are as under: Application Received Application Accepted No. Amount (In Crores) No. Amount (In Crores....

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....) 26142 16007.01 2828 162.15 *(The data on the Scheme is not being compiled State wise.) The total number of pending cases of Central Excise and Service Tax is as under: Year No. of Cases 2017-18 177604 2018-19 166869 2019-20 (till Oct) 168114 The Minister stated that the Government has enhanced the monetary limits for filing of appeal by the department in Central Excise and Serv....

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....ice Tax cases. Further, two benches in the Supreme Court and one bench each in the High Courts of Delhi, Gujarat, Mumbai and Madras have been constituted to hear taxation matters. This will help in early disposal of pending cases. The scheme is in force from 1.09.2019 till 31.12.2019.<BR> News - Press release - PIB....