Do your consultant know about SVLDRS?
It is one of the best schemes to benefit taxpayers. SVLDRS means saba Vishwas, Legacy dispute resolution scheme. Still, it is not getting any traction because of lack of awareness. It can have a huge impact on pending litigation of indirect taxes. CBIC is working hard to spread awareness about this scheme. It will provide the following benefits. It covers excise and service tax.
- Immunity from litigation
- tax payment at a reduced amount
- Waiver of interest and penalty for old demands.
It is a win-win for both. The government can arrange funds for its projects and the taxpayer can get away with liability easily. It is live fro 1st September 2019.
Upto 50 lac Rs. liability gets 70% waiver. Above Rs 50 lac it is 50%.
In the case of tax in arrears, it is 60 & 40% respectively.
Thus it is best to resolve old issues. You can opt for it online. It is simple and easy. Quick and fast response is required. Also the quick learning of scheme is also required. We have launched a course for this on our website. You can enroll for the course from the following the link.
https://www.consultease.com/courses/sabka-vishwas-legal-dispute-resolution-scheme-2019#.XWzC5pMzbOQ
