Sabka Vishwas – (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS)

Sabka Vishwas - (Legacy Dispute Resolution) Scheme, 2019 was introduced to resolve all disputes relating to the erstwhile Service Tax and Central Excise Acts, which are now subsumed under GST, as well as 26 other Indirect Tax enactments.

Sabka Vishwas - (Legacy Dispute Resolution) Scheme
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Sabka Vishwas -(Legacy Dispute Resolution) Scheme, 2019 Latest News

The New Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) recently stated that revenue proceedings are not possible after the issuance of discharge certificate under SVLDRS [Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019] Scheme.

About Sabka Vishwas -(Legacy Dispute Resolution) Scheme, 2019

  • It was a one-time amnesty scheme proposed in the Union Budget, 2019, and introduced to resolve all disputes relating to the erstwhile Service Tax and Central Excise Acts, which are now subsumed under GST, as well as 26 other Indirect Tax enactments.
  • It was introduced for taxpayers who wish to close their pending disputes, with substantial relief provided by the government.
  • Operational Period: September 1, 2019 – December 31, 2019
  • Objectives:
    • To encourage voluntary disclosure of past disputes of Central Excise, Service Tax, and 26 other Indirect Tax Enactments. 
    • To facilitate an eligible person to declare the unpaid tax dues and pay the same in accordance with the provisions of this scheme.
    • To provide certain immunities, including penalty, interest or any other proceedings, including prosecution, to eligible persons who pay the declared tax due.
  • This scheme provided for a substantial relief margin on all duty demands, ranging from 40% to 70% of the demand, except in the case of voluntary disclosure.

Source: TAXS

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Sabka Vishwas - (Legacy Dispute Resolution) Scheme, 2019 FAQs

Q1. The Sabka Vishwas – (Legacy Dispute Resolution) Scheme, 2019 was introduced to resolve disputes related to?+

Q2. which Union Budget was the SVLDRS Scheme proposed?+

Q3. What was the operational period of the SVLDRS scheme?+

Q4. What kind of relief did the SVLDRS scheme offer to taxpayers?+

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