CBIC vide their tweet dated 31 December 2019 issued a press note extending the due date for filing application under the Sabka Vishwas Legacy Dispute Resolution Scheme, 2019 till 15 January 2020. The Scheme was introduced in the last budget with the objectives of liquidating the legacy disputes under the erstwhile Central Excise and Service Tax laws and for encouraging the non-compliant taxpayers to come under the tax net voluntarily.
The Scheme enjoyed a huge response from the taxpayers. Further, noting the huge interest amongst the taxpayers for the scheme and to ensure that eligible taxpayers who have not yet applied to avail the benefit of the scheme, do not miss out, the extension is provided as a one-time relief.
Disclaimer:
The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.
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