The government extended the ‘Sabka Vishwas’ dispute resolution and amnesty scheme for pre-GST era taxes by 15 days till January 15.
The scheme introduced by finance minister Nirmala Sitharaman in the FY20 budget to settle pending disputes of service tax and central excise duty has received a “huge response”.
It said that out of the 1.84 lakh taxpayers eligible to avail the scheme, as many as 1.33 lakh have so far submitted applications by Tuesday. Their applications involve tax dues of ₹69,550 crore and after availing various reliefs, the payable amount is ₹30,627 crore. “Sabka Vishwas is received by taxpayers as the most beneficial dispute resolution scheme ever announced by the government.
The extension of the scheme till 15 January, 2020 is a one-time exercise and is final.
1,223 total views, 2 views today