Sabka Vishwas

Scheme Open from 01.09.2019 to 31.12.2019

Cases covered under the Scheme:

  • A show cause notice or appeals arising out of a show cause notice pending as on the 30th day of June, 2019
  • An amount in arrears
  • An enquiry, investigation or audit where the amount is quantified on or before the 30th day of June, 2019
  • A voluntary disclosure

Exclusions from the Scheme:

  • Cases in respect of excisable goods set forth in the Fourth Schedule to the Central Excise Act, 1944 (this includes tobacco and specified petroleum products)
  • Cases for which the taxpayer has been convicted under the Central Excise Act, 1944 or the Finance Act, 1944
  • Cases involving erroneous refunds
  • Cases pending before the Settlement Commission

Benefits under the Scheme:

  • Total waiver of interest and penalty
  • Immunity from prosecution
  • Cases pending in adjudication or appeal, a relief of 70% from the duty demand if it is Rs. fifty lakh or less and 50% if it is more than Rs. fifty lakhs
  • The same relief for cases under investigation and audit where the duty involved is quantified on or before 30th June, 2019
  • In case of an amount in arrears, the relief offered is 60% of the confirmed duty amount if the same is Rs. fifty lakhs or less and it is 40% in other cases
  • In cases of voluntary disclosure, the declarant will have to pay full amount of disclosed duty

Other features of the Scheme:

  • Facility for adjustment of any deposits of duty already made
  • Settlement dues to be paid in cash electronically only and cannot be availed as input tax credit later
  • A full and final closure of the proceedings in question. The only exception is that in case of voluntary disclosure of liability, there is provision to reopen a false declaration within a period of one year
  • Proceedings under the Scheme shall not treated as a precedent for past and future liabilities
  • Final decision to be communicated within 60 days of application
  • No final decision without an opportunity for personal hearing in case of any disagreement
  • Proceedings under the Scheme will be fully automated

How to Apply for SVLDRS, 2019:

  • The taxpayer can apply for this scheme from https://cbic-gst.gov.in
  • The taxpayer already registered under CE / ST can login and fill Part-B of SVLDRS Form-1
  • The unregistered taxpayer can register himself by filling Part-A of SVLDRS Form -1

Source: http://www.cbic.gov.in/htdocs-servicetax/Legacy-Dispute