Due to the COVID-19 pandemic, last dates for various return filing and other government work has been stretched, and in the same line-up, the recent update states that the “Bihar Settlement of Taxation Disputes Act, 2019” has been also extended for three months. The Notification was released on 13th April 2020 by the Governor of Bihar.
As per sub-section (3) of Section 1 of “The Bihar Settlement of Taxation Disputes Act, 2019” the Governor of Bihar is empowered to expand the period. According to the notification, the Bihar Settlement of Taxation Disputes Act
Know about the tax dispute settlement scheme under the IT act. Under this scheme, taxpayers can settle all disputes before the end of 31st March 2020. Read More, 2019 has been extended for 3 months starting from 15th April 2020 to 14th July 2020. This came to action with the immediate effect.
The Bihar Settlement of Taxation Disputes Act, 2019 was introduced in the state on 12th December 2020 by the state government for quick and amicable settlement of all the taxation disputes. According to this act, a pending dispute can be settled on a payment of settlement amount. In it, leniency is also allowed to decide the settlement amount. The settlement amount can be as minimum as 10% of the total disputed amount of penalty, interest, or fine. View and download notification for Bihar settlement of taxation disputes rules 2020
