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Sabka Vishwas (Legacy Dispute Resolution) Scheme 2019

Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 (herein after referred to as “Amnesty Scheme” or “the scheme”) introduced in the Current Budget Amendment i.e. in july 2019. This is a dispute resolution cum amnesty scheme for resolution and settlement of legacy cases. The scheme offers substantial relief to the taxpayers and is a bold endeavor to unload the baggage relating to the legacy taxes viz. Central Excise and Service Tax and other indirect tax allied acts. This Scheme covers more than 20 Acts. The scheme is already operational from 01 September 2019.

The scheme is specifically designed and can be implemented only for the proceedings pending on 30 June 2019. The person who are eligible under the scheme is been elucidated below for your reference:

  • Tax /interest / penalty/ dispute pending on account of SCN/ final hearing before the appellate authority having not taken place.
  • An amount in arrears, which is self-assessed and matters which has attained finality for non-filing of appeal.
  • An enquiry, investigation or audit where the amount is quantified.
  • A voluntary disclosure.

Further, the benefits available under the Scheme, are elucidated below:

  • Cases pending in adjudication or appeal and cases under investigation and audit where the duty involved is quantified; a relief of 70% of the duty demand if it is upto Rs. 50 lakhs and 50% if it is more than Rs. 50 lakhs.
  • In case of amount in arrears, the relief offered is 60% of the confirmed duty amount if the same is upto Rs. 50 lakhs and 40% if it is more than Rs. 50 lakhs.
  • In cases of voluntary disclosure, the taxpayer will have to pay full amount of disclosed duty.
  • Total waiver of interest, penalty and fine in all the above scenarios.
  • Immunity from prosecution.

Entire process under the scheme is fully automated and the last date for taking the relief is 31 December 2019.

We, therefore, request you to take a note of the above and do the needful and oblige by taking the benefit of the scheme at the earliest.

For any assistance in the said scheme you can reach out to us at info@sgco.co.in

  • PPT on Sabka Vishwas Scheme.pdf

  • Sabka-Vishwas (legacy-dispute-resolution-Scheme-2019 Act

  • SVLDRS Rules 2019

  • Acts covered under the Scheme

  • Notification No 042019 CE (NT)dated 21.08.2019

  • Circular1072-2019-CX

  • Circular1071-2019-CX

  • Circular1073-2019-CX