Companies will get up to 70 per cent duty relief if they settle their pre-GST disputes with the tax authorities, according to a scheme, which will become operational from next month and run till the end of 2019.
There will also be an amnesty scheme. Under this, the assessee will have to voluntarily disclose the due taxes. The assessee will have to pay the full amount, but they will not face any legal action.
Sabka Vishwas (Legacy Dispute Resolution Scheme), 2019, was announced in the Budget. For any case pending in adjudication or appeal at any forum, this
There will also be an amnesty scheme. Under this, the assessee will have to voluntarily disclose the due taxes. The assessee will have to pay the full amount, but they will not face any legal action.
Sabka Vishwas (Legacy Dispute Resolution Scheme), 2019, was announced in the Budget. For any case pending in adjudication or appeal at any forum, this