Sabka Vikas Scheme (Legacy Dispute Resolution) 2020 Latest Updates

Sabka Vikas Scheme– Legacy Dispute Resolution

Sabka Vikas Scheme (Legacy Dispute Resolution) 2020 Latest Updates
Sabka Vikas Scheme (Legacy Dispute Resolution) 2020 Latest Updates

In this article today we will share with all of you the details about the new scheme which was launched by the concerned authorities of the Indian government in the year 2019. The scheme was known as the Sabka Vikas scheme. In this article, we will share with all of you the details that have been included in the scheme for the year 2020. We will be sharing with all of you the details about the new penalty which has been accused of the scheme by a local resident of India. we will also share with you all the implementation for serious cases and all of the other details of the Sabka Vikas Yojana for the year 2020.

The Sabka Vishwas Scheme, 2019 is a plan proposed in the Union Budget, 2019, and acquainted to resolve all debates identifying with the past Service Tax and Central Excise Acts, which are currently subsumed under GST, just as 26 other Indirect Tax establishments (as recorded beneath). The plan will be for citizens who wish to close their forthcoming questions, with a significant alleviation given by the legislature. The scheme came into working power on the 1st of September, 2019, and shall be operational until the 31st of December, 2019.

The petitioner who has filed the petition against the scheme has said that the accumulated interest on the pending Tax amount should also be included in the scheme. The tax department has already rejected the contention of the petitioner and they have also issued a rejection order. However, the petitioner has still challenged the order. The rejection order has declined the applicability of the scheme in cases where the entire liability is only with respect to interest. Many of the companies have also opted out of the settlement scheme with respect to the pending interest disputes.

In the Union Budget 2019-20, the Hon’ble Finance Minister announced the Sabka Vishwas-Legacy Dispute Resolution Scheme, 2019. The Scheme has now been notified and will be operationalized from 1st September 2019. The Scheme would continue till 31st December 2019. The government expects the Scheme to be availed by a large number of taxpayers for closing their pending disputes relating to legacy Service Tax and Central Excise cases that are now subsumed under GST so they can focus on GST.

The two main components of the Scheme are dispute resolution and amnesty. The dispute resolution component is aimed at liquidating the legacy cases of Central Excise and Service Tax that are subsumed in GST and are pending litigation at various forums. The amnesty component of the Scheme offers an opportunity to the taxpayers to pay the outstanding tax and be free of any other consequence under the law. The most attractive aspect of the Scheme is that it provides substantial relief in the tax dues for all categories of cases as well as full waiver of interest, fine, and penalty, In all these cases, there would be no other liability of interest, fine or penalty. There is also a complete amnesty from prosecution.

For all the cases pending in adjudication or appeal – in any forum - this Scheme offers relief of 70% from the duty demand if it is Rs.50 lakhs or less and 50% if it is more than Rs. 50 lakhs. The same relief is available for cases under investigation and audit where the duty involved is quantified and communicated to the party or admitted by him in a statement on or before 30th June 2019. Further, in cases of confirmed duty demand, where there is no appeal pending, the relief offered is 60% of the confirmed duty amount if the same is Rs. 50 lakhs or less and it is 40% if the confirmed duty amount is more than Rs. 50 lakhs. Finally, in cases of voluntary disclosure, the person availing of the Scheme will have to pay only the full amount of disclosed duty.

As the objective of the Scheme is to free as large a segment of the taxpayers from the legacy taxes as possible, the relief given there is substantial. The Scheme is specially tailored to free a large number of small taxpayers of their pending disputes with the tax administration. Government urges the taxpayers and all concerned to avail the Sabka Vishwas - Legacy Dispute Resolution Scheme, 2019, and make a new beginning.

Tax Paying in India has always been an increasing problem and is actually very difficult to achieve. The citizens of India who are actually paying their taxes consist of a very low number. To achieve the desired number of taxpayers in India the Sabka Vishwas Scheme Legacy Dispute Resolution has been launched in the year 2019. Sabka Vishwas (Legacy Dispute Resolution) Scheme is a one-time measure for liquidation of past disputes of Central Excise and Service Tax. It will also help the government to ensure the disclosure of unpaid taxes by the citizens.
The Sabka Vishwas Legacy Dispute Resolution scheme will start on 1st September 2019 and will end on 31st December 2019. It will be a 4-month-long scheme that will benefit the government throughout. The Sabka Vishwas Scheme Legacy Dispute Resolution scheme shall announce that all the people who are eligible to pay taxes should clear their previous and past tax dues and pay the amount according to the scheme. It further announced immunities including penalty, interest, or any other proceedings under the Central Excise Act, 1944 or Chapter V of the Finance Act, 1944.
Objectives of Sabka Vishwas Scheme 2019
Certain objectives have been finalized for the Sabka Vishwas Legacy Dispute Resolution scheme under the year 2019
  • The scheme is centrally aimed to make the disclosure of past disputes of Central excise, Service tax, and 26 other indirect taxes possible.
  • The motive is to facilitate an eligible person to pay his or her unpaid tax duties.
  • The scheme also provides to the people who are eligible to pay taxes certain immunities, including a penalty, interest, or any other proceedings including prosecution.

Benefits of Sabka Vishwas Scheme 2019

Many benefits have been transferred to the taxpayer in India under the Sabka Vishwas Legacy Dispute Resolution scheme of 2019. The list of benefits which can be availed by the taxpayers is given below:-
  1. Where an SCN has been issued or an appeal has been filed, or an inquiry, investigation, or audit against the declaration has been conducted on or before the 30-06-2019 in which the amount of duty quantified is:
  • Rs. 50 lakhs or less, 70% of the tax dues shall be waived off.
  • More than Rs. 50 lakhs, 50% of the tax dues shall be waived off.
  1. Where the tax dues are relatable to an SCN for a late fee or penalty only, and the amount of duty in the said notice has been paid or it is nil, then 100% of the amount of late fee or penalty shall be waived off.
  2. Where tax dues are in arrears and the amount of duty is:
  • Rs. 50 lakhs or less, then 60% of the tax dues shall be waived off;
  • More than Rs. 50, then 40% of the tax dues shall be waived off.
  1. Where declarant has indicated in the return form (filed under the Indirect-tax enactment) an amount of duty as payable but not paid it and the duty of amount is
  • Rs. 50 lakhs or less, then 60% of the tax dues shall be waived off;
  • More than Rs. 50 lakhs, then 40% of the tax dues shall be waived off.
Document Required
  • Pan Card
  • Aadhaar Card
  • Address Proof
  • Income Tax Details
  • Email ID
  • Mobile Number

The Sabka Vishwas (Legacy Dispute Resolution) Scheme is a one-time initiative for the liquidation of the previous disputes of Service Tax and Central Excise as well as to make sure disclosure of the unpaid taxes by the individual eligible to make the declaration.

The scheme comes into existence with a validity of four months commencing from September 1, 2019, to December 31, 2019. According to the scheme, eligible individuals should declare the tax dues and pay the same according to the provisions of the Scheme. It also provides for some immunities such as interest, penalty, or any other proceedings under the Chapter V of the Finance Act, 1944 or Central Excise Act, 1944 to those individuals who pay the declared tax dues.

Pay the 'Sabka Vishwas Yojana' introduced for the resolution of the old pending disputed cases related to Service Tax and Central Excise by June 30, 2020. If you do not make payment by June 30, you will not be able to take advantage of this scheme. Let us tell you that the 'Sabka Vishwas Scheme' is the solution to every problem of a tax dispute. Under this, if the taxpayer discloses that you owe Excise and Service Tax and you want to pay it, then the government gives him a rebate of up to 70 percent in tax (Rebate in tax). Also, the government does not charge any interest to the taxpayers after that. Nor does it charge any fine.

The Central Board of Indirect Taxes and Customs (CBIC) tweeted that the last date for payment under the Sabka Vishwas (Heritage Dispute Resolution) Scheme 2019 is June 30, 2020. Under this scheme, 1.9 lakh declarations worth Rs 90,000 crore have been filed. If the payment is not made by June 30, 2020, then the benefit of the scheme will not be available.

Vivid Se Vishwas scheme will be open only till 30 June 2020. If someone settles this scheme after June 30, then for this they will have to pay an additional amount of 10 percent. In such a situation, it would be better for you to settle your tax dispute immediately after the scheme is notified.

“The government had set a target of 184,000 taxpayers with tax collection of over Rs 35,000 crore. However, with the extension of the scheme (from the initial deadline of December 31), around 5,000 more applications were filed,” said an official. “ The initial response to the scheme was tepid, but it subsequently picked up. We can safely say that it’s a successful scheme and the figures are more than our conservative estimates were.”

GPDP stands for "Integrated Planning." "Twenty individuals cannot work in a true democracy center if they are seated." Every village's residents must work below to achieve this. Mahatma Gandhi was a Mahatma Gandhi who was a Mahatma Local development planning is emphasized in both the Indian Constitution and the State Panchayati Raj Act. स्थानिक For local economic development and social fairness, GPs should focus on increased public engagement and community integration. Accounting software Economic progress and good governance are intertwined. Providing public services Myth: The GPDP is a plan or a grant; reality: It is an underlying integrated plan for local development, not a plan or a grant.

GPDP Implementation: State Secretarial Group (Director) State Resource Group (Director), PR) District Implementation and Coordination Committee (DM) Block Implementation and Coordination Committee (BDO) GP Resource Support Group District Officers of Line Department / Planning Line Department of SMEs Block Level Officers Charge Officer UNICEF District Resource Group ER Minister Task Force Preliminary Steps નવી The process of issuing newly revised guidelines for GPDP preparation is underway. G Guidelines have been issued to the GP for inclusion of low-cost and costly activities રણ Distribution of training guides for use of print media and dissemination of awareness Ø Intensive training and orientation sessions @ Weekly review of progress at state/district/block level. Training guidelines for SRG, DRG, and Task Force have been prepared. પોતાના Training module of own source of income has been prepared. સામગ્રી IEC materials such as leaflets, brochures, community miking, screen-risers, documentaries, etc. have been prepared and will be used effectively in the campaign.

GPDP Implementation: State Procedure GPDP q. While all the schemes showing all the activities and resources approved by the Gram Sabha are being carried out online, the priority of the works approved by GS cannot be changed. Leaving work under the plan plus will be available to take in the supplementary plan or next year's plan. Mapping of each task with a unique ID, technical and admin approval, and progress reporting of each task to get physical progress q. Mapping spillover / continuous work in action. Soft q. Voucher entry against each unique work ID in PRIASoft q. Details of Expenses Against Works Created by GP • Activities • Resources (Budget) • Master Plan • Supplementary Plan • Unique Work ID Technical Approval • Administration and Financial • Physical Progress • Work-Based Account • Voucher Entry • Expense Details • Bank Settlement MIS Reports મે Asset Mapping ઉપયોગ Using mobile apps to capture latitude and longitude

The progress so far is discussed in detail with the ACS and the RD and PR department with the strategic planning. Instructions for the campaign have been issued from the Chief Secretary level. Instructions for the campaign were issued to all the 75 districts from the level of Director, PRD. Video conferencing has been done with 75 districts. The media workshop will be conducted by RGSA till 20th September 2018. Reference material for the workshop has been prepared and shared with all 75 districts. The model schedule of the special gram sabha, design of the public information board, the model structure of presentation by frontline workers, and facilitators' report format have been shared with all the 75 districts. A two-day training module for task force members has been prepared and is in the process of training. A total of 58808 task force teams have been formed (team of 05 members in each GP = a total of 294040 members). Approx. 34000 TF members have been trained.

Name Sabka Vikas Scheme
Launched by Government of India
Objective Providing exemption in Tax
Beneficiaries Indian citizens
Official site