In the budget, it was announced “Sabka Vishwas” legacy dispute resolution scheme for solving the cases and litigations related to excise and service tax. The Indirect tax’s amnesty scheme waives both interest and penalty amounts along with the reduction of disputed tax amount.
CBIC has released a set of FAQs on Sabka Vishwas Scheme (Legacy Dispute Resolution), 2019 for clarifying the concerns raised.
Read More: Sabka-Vishwas-FAQs
Also Read: Everything you want to know about “Sabka Vishwas Scheme”
