Central govt. has stared Sabka Vishwas (Legacy Dispute Resolution) Scheme 2019 for service tax and central excise. This SVLDRS scheme by Central Board of Indirect Taxes and Customs (CBIC) under Goods and Services Tax (GST) is a one stop solution for tax dispute resolution. People can now apply online for Sabka Vishwas Scheme & fill application form at cbic-gst.gov.in
All the applicants of Sabka Vishwas Scheme will get waiver on interest and penalty and would not be prosecuted for tax evasion. This SVLDRS Scheme is a one time measure for liquidation of past disputes of central excise and service tax. This scheme will provide an opportunity of voluntary disclosure to non-compliant taxpayers.
Interested people can apply online for PM Modi Sabka Vishwas Scheme 2019 in the given format at the official website between 1 September to 31 December 2019.
Sabka Vishwas (Legacy Dispute Resolution) Scheme 2019 Apply Online
People can now fill up Sabka Vishwas Legacy Dispute Resolution Scheme 2019 application form at the official website through the link given below:-
- At the homepage, click at the Sabka Vishwas Scheme image or directly click this link
People can apply online for SVLDRS Scheme b/w 1-9-2019 and 31-12-2019.
CBIC – GST SVLDRS Scheme Benefits
Here are the important features and highlights of SVLDRS Scheme:-
|Sabka Vishwas Scheme Benefits|
|Total waiver of interest and penalty||Immunity from prosecution|
|Cases pending in Litigation, Appeal, Enquiry, Investigation and Audit|
|Duty upto Rs. 50 lakh – Pay only 30% of duty|
|Duty more than Rs. 50 lakh – Pay only 50% of duty|
|In case of tax arrears|
|Duty upto 50 lakh – Pay only 40% of duty|
|Duty more than Rs. 50 lakh – Pay only 60% of duty|
|If you voluntarily discloses any past dues|
|Then simply pay the due amount only|
It is important to note that declaration under Section 125 of the Finance (No. 2) Act, 2019 can now be made electronically in Form SVLDRS-1. Moreover, FORM ITC-04 is not required to be furnished for F.Y. 2017-18 & 2018-19.
For more details on the scheme, visit the official website at www.cbic-gst.gov.in