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The Sabka Vishwas Legacy Dispute Resolution Scheme, hereinafter mentioned as the “SVLDRS,” is a scheme made available for the pre-GST taxpayers. It was introduced with a view to resolve the tax disputes of taxpayers. It was proposed in the Union Budget of 2019 and was introduced to resolve disputes under GST. In this article, we shall look at the SVLDRS in detail.
The scheme is for taxpayers who seek to close their pending disputes with a substantial relief provided by the government. This scheme provided relief to the taxpayers in the form of Dispute Resolution and Amnesty. The scheme was introduced with the intention of focusing on GST by clearing all litigations pending with regards to the previous tax regime.
This scheme also provides an opportunity to non-compliant taxpayers for voluntary disclosure option.
There are 26 enactments to which this scheme applies. They are as follows:
The following cases are covered under this scheme:
Cases Excluded-
The following are its benefits:
This scheme provides a relief margin on all duty demands from 40% to 70% of the demand, except in case of voluntary disclosure.
The relief shall be as follows:
Relief from the duty demand
For cases pending Adjudication or appeal
For cases of confirmed duty demands where no appeals are pending
Cases of Voluntary Disclosure
Duty Demands up to 50 lakh rupees
70%
60%
Full amount of duty disclosed
Duty Demands more than 50 lakh rupees
50%
40%
The following restrictions are placed under this scheme:
The SVLDRS functions in the following manner:
The SVLDRS, 2019 was introduced on 1st Sep 2019 with an objective to reduce litigation relating to legacy taxes. It provided for a full waiver of interest and penalty. It may be noted that the scheme was closed on 30th June 2020.
Read our article: Casual Taxable Person under GST
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