• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Advertisement
  • Home
  • Economy
  • Foreign Affairs
  • Science & Tech
  • Environment
  • Law & Policy
  • History
No Result
View All Result
  • Home
  • Economy
  • Foreign Affairs
  • Science & Tech
  • Environment
  • Law & Policy
  • History
No Result
View All Result
  • 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
JournalsOfIndia
No Result
View All Result
Home Economy

The Sabka Vishwas Scheme, 2019

July 23, 2020
in Economy
Reading Time: 1min read
0
0
SHARES
64
VIEWS
Share on TelegramShare on Facebook
  • The Sabka Vishwas Scheme, 2019 introduced to resolve all disputes relating to the indirect taxes .
  • The scheme will be for taxpayers who wish to close their pending disputes, with a substantial relief provided by the government.
  • The scheme has been notified by the CBIC to come into force on the 1st of September, 2019, and shall be operational until the 31st of December, 2019.

What are the cases covered under this scheme?

  • A show cause notice or appeals arising out of a show cause notice pending as on the 30th day of June, 2019
  • An amount in arrears
  • An enquiry, investigation or audit where the amount is quantified on or before the 30th day of June, 2019
  • A voluntary disclosure

 Any benefits for taxpayers?

  • Taxpayers can pay the outstanding tax amounts due and be free from any other consequences under the Law.
  • Taxpayers will get substantial relief in the form of full waivers of interest, penalties and fines.
  • There will be complete amnesty from prosecution proceedings.
  • This scheme provides for a substantial relief margin on all Duty demands, ranging from 40% to 70% of the demand, except in the case of voluntary disclosure.

 

 

Tags: Prelims

Related Posts

Barbell Strategy

Barbell Strategy

January 19, 2021

Credit Ratings

January 19, 2021
Prarambh -Startup India International Summit

Prarambh -Startup India International Summit

January 16, 2021
Reforms in Mining

Reforms in Mining

January 15, 2021
RBI sets up Working Group on Digital Lending

RBI sets up Working Group on Digital Lending

January 15, 2021
What are Debentures?

What are Debentures?

January 15, 2021
Modified Scheme to Enhance Ethanol Distillation Capacity

Modified Scheme to Enhance Ethanol Distillation Capacity

January 15, 2021
National Migrant Information System (NMIS)

National Migrant Information System (NMIS)

January 14, 2021
Toy Manufacturing Clusters

Toy Manufacturing Clusters

January 14, 2021
RBI’s Financial Stability Report

RBI’s Financial Stability Report

January 14, 2021
Please login to join discussion

Browse by Category

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society

Browse by Tags

AIR Big Picture GS-1 GS-2 GS-3 GS-4 Kurukshetra Mains News Paper PIB Prelims RSTV Yojana
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society

Browse by Tag

AIR Big Picture GS-1 GS-2 GS-3 GS-4 Kurukshetra Mains News Paper PIB Prelims RSTV Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • Prelims Snippets
  • Mains Articles
  • Economy
  • Society
  • Foreign Affairs
  • Science & Tech
  • Environment
  • Agriculture
  • History
  • Law & Policy
  • Security
  • Course Portal
  • Prelims Test Portal
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In