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The government of India extended the ‘Sabka Vishwas’ scheme for pre-GST era taxes by till January 15. ‘Sabka Vishwas’ scheme is for dispute resolution and amnesty scheme for pre-GST era taxes. According to an official statement from the CBIC “It is introduced by Nirmala Sitharaman (finance minister) to settle pending disputes of service tax and […]
Maharashtra state government has come forward with new one-time amnesty schemes to get rid of the backlog of tax assessments which is pending from before the initiation of the goods and services tax regime.
The lenient non-filers and nil filers of GST returns will have a one-time amnesty scheme from the government to deregister the GST (Goods and Services Tax) Council.
The Karnataka Government vide Order No. FD 07 CSL 2023, Bengaluru, on July 18, 2023, incorporates the “Karasamadhana Scheme, 2023” to solve the pre-GST legacy tax disputes and expedite the collection of arrears without resorting to litigation. The Scheme waives 100% of penalty and interest arrears for persons who complete full payment of tax arrears […]
The framework for the amnesty program for one-time settlement of tax defaults committed in Punjab in the pre-Goods and Services Tax (GST) system has been approved by a subcommittee of the Punjab Cabinet. The government is prepared to introduce a one-time settlement (OTS) program aimed at exceeding 44,000 people and enterprises who have fallen behind […]
A unified national market for goods and services was intended to be created by the Goods and Services Tax (GST), which was established with the claimed goal of rationalizing India’s indirect tax environment. The three pillars of this “one nation-one tax” strategy were ‘ease of doing business’, economic expansion and pricing rationalization. A strong dispute […]
The government would recognize the GST dispute settlement scheme furnishing a one-time chance for businesses for settling tax cases and preventing litigation. The scheme shall be restricted with time which covers merely nominal GST violations and furnishes a one-time chance to settle the former disputes under excise duty, service tax, and customs duty. GST council […]
The last date has been prolonged by the union government for making payments beneath tax dispute settlement scheme Vivad se Vishwas (from dispute to trust) via April 30 to June 30, 2021, to give the relief to assessee facing the public health issues to the 2nd wave of the covid-19 pandemic. The last date of […]
Before Independence Day, the Prime Minister of India Narendra Modi with the Principal Chief Commissioners of Income Tax on August 13 had called a meeting for launching the new tax program, ‘Transparent Taxation Honouring the Honest’. Chairman of Central Board of Direct tax PC Mody shared the scheme on Tuesday with senior tax officers said […]
