Tax Dispute Settlement: one-time amnesty allows resolution of indirect tax dues and issuance of discharge certificate.
The Sabka Vishwas Scheme, 2019 provides a one-time settlement mechanism for legacy indirect tax disputes (excluding Customs and State VAT), permitting declarations from investigation through Supreme Court stages except specified exclusions. Tax dues-defined by reference to duty-attract graded relief percentages for duty and, in some cases, penalty. The process requires electronic declaration, Designated Committee verification and e-statement issuance, electronic cash payment, deemed withdrawal of most appeals on payment, and issuance of a discharge certificate which bars reopening and grants immunity from prosecution; Input Tax Credit cannot be used for payment. (AI Summary)