Relief for GST payers as ‘Sabka Vishwas Yojana 2019’ in force from Sept 1 to Dec 31
   Date :29-Aug-2019

 
By Piyush Shrivastava :
 
Taxpayers whose cases are already under consideration, pending or having one or more cases and were served show cause notices pertaining to duty as well as having inclusive demand with penalty with recovery able pending amount or want to make self declaration come under the ambit of this scheme 
 
Good news for Central Goods and Services Tax (GST) payers having pending old tax disputes and yet to be settled, a new three months limited term scheme ‘Sabka Vishwas (Virasat Vivad Samadhan) Yojana 2019’ will be initiated from September 1, 2019 to December 31, 2019. Taxpayers whose cases are already under consideration, pending or having one or more cases and were served show cause notices pertaining to duty as well as having inclusive demand with penalty with recovery able pending amount or want to make self declaration come under the ambit of this scheme.
 
If a taxpayer files his case in this scheme, then he would get due rebate on pending amount up to 70 per cent. In case, taxpayer having pending assessed duty up to Rs 50 lakh would get 60 per cent rebate and if amount is over Rs 50 lakh, then 40 per cent rebate would be given in the scheme. In case of self-declaration, the taxpayers would have to pay only duty. Taxpayers would get rebate of interest, penalty and fine, while also get free from legal trails. For proper implementation of the scheme, adequate training of staff and other stakeholders has been initiated under the supervision of the Principal CGST Commissioner, Jabalpur Commissionerate, B P Mahapatra (IRS).
 
Assistant Commissioner (Preventive), Teekendra Kripal informed that, the scheme has been notified by the Union Ministry of Finance. Finance Minister, Nirmala Sitharaman, on August 21, made this promise GST payers in the Budget speech. The scheme would be in force for three months - from September 1 to December 31, 2019. The provisions in this scheme would be only e-filing. In this, all the filing would be e-filing and no physical paper would be produced. Even the department would generate orders, notices and directions online only.
 
The taxpayers who were served show case notices earlier and they have filed appeal in reply to the notices and by July 30, 2019 their case did not listed for final hearing, they would get benefit of the scheme. In second condition, taxpayers who have to only pay penalty and late fees and by the date July 30, 2019, the final hearing was not done would also be benefitted or taxpayers whose pending tax is recovery able. In fourth condition, the taxpayers against whom audit or inquiry is under process, the fees has been fixed and party has been informed or by July 30, 2019 or prior to this date, the person has filed the declaration or through letter, the duty fixed has been approved.
 
And in the last condition, if any taxpayer makes self-declaration, he would get all benefits of this scheme. CGST, Joint Commissioner, Neeraj Choubey informed that, as per this limited time scheme, the cases under consideration or pending cases the rebate upto 70 per cent in demand of duty would be offered if duty demanded is Rs 50 lakh or below. If demand is above Rs 50 lakh then 50 per cent rebate would be given. If duty demand is above Rs 50 lakh and cases are under audit or accounts inquiry then the rebate is also available in such cases that the decided duty have been finalised prior to July 30, 2019. In the pending amount cases a huge rebate of 60 per cent would be given on assessed duty if the amount is Rs 50 lakh or below and if amount is above than 50 lakh then 40 per cent rebate would be given. In case of self-declaration the taxpayers would get all rebate and have to pay only duty. The tax payers would get rebate of interest, penalty and fine while taxpayers would also get free from legal trails.