Sabka Vishwas Scheme will help to end litigations: Bheemashankar
| Date :14-Oct-2019 |
Business Bureau :
“Chartered accountant fraternity is an important link between Department and assessees to propagate the benefits of ‘Sabka Vishwas’ i.e. the Legacy Dispute Resolution Scheme, 2019 of the Government of India,” said, H R Bheemashankar, Chief Commissioner of Customs & GST, Nagpur while speaking as chief guest at an interactive meet on ‘Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019’ organised by Nagpur Branch of WIRC of ICAI. Bheemashankar said, a concern always remains for success of any proposition of Government of India. After VCES and advent of GST regime, sincere feeling was to get rid of the pendencies with respect to the litigations and cases related to Service Tax matters.
“This Sabka Vishwas Scheme, 2019 which started from September 1, 2019 and is in force up to December 31, 2019 only. It is the most wonderful opportunity and large hearted scheme given by Government to end all the disputes.” He briefed about the scheme and ensured all possible help to extend benefits of the scheme to the eligible dealers. Benefits under the Scheme explained by him was as under: Total waiver of interest and penalty, immunity from prosecution, cases pending in adjudication or appeal, a relief of 70 per cent from the duty demand if it is Rs 50 lakh or less and 50 per cent if it is more than Rs 50 lakh.
The same relief for cases under investigation and audit where the duty involved is quantified on or before June 30, 2019. In case of an amount in arrears, the relief offered is 60 per cent of the confirmed duty amount if the same is Rs 50 lakh or less and it is 40 per cent in other cases. In cases of voluntary disclosure, the declarant will have to pay only the full amount of disclosed duty without any interest/penalty. Bheemashankar said, Government has imposed due faith in CAs. CAs are the only professionals who can help Government in bringing desired success to the Scheme.
The Scheme is going to prove win-win for both the sides being revenue authorities on one hand who will get their age-long pendencies cleared and tax payers on the other hand, who will be eligible to get rid of old cases by payment of discounted demands and also waiver of interest and penalties proposed to be levied, to a great extent. Sandeep Puri, Commissioner Appeals appealed to spread words of knowledge among the respective clients to take due opportunity of the scheme. Mukul Patil, Joint Commissioner, Nagpur Zone, threw light with respect to various important clauses. CA Varun Vijaywargi, speaker on the occasion, played his role effectively by helping the members present in analysing the provisions of the scheme under consideration. His efforts to share the knowledge and research in his subject, were clearly evident from the effective deliberation, made by him on the occasion. CA Kirit Kalyani, Vice-Chairman of the Branch, co-ordinated the event.
Present were Joint Commissioners Nilesh Rautkar and Brijendra Choudhary, Deputy Commissioners Swachhand Chauhan and Swapnil Pawar, Assistant Commissioner Nikhil Vadnam, Superintendents Suresh Rayulu, Milind Pusadkar, Santosh Pawraj, Anil Pandit and Sagar Jugade, chartered accountants Akshay Gulhane, Sanjay M. Agrawal, Julfesh Shah, former Vice-Chairman of WIRC, Lalit Loya, Satish Sarda, Manav Moholkar, Rajesh Kabra, Atish Dhanuka, Girdharilal Sharma and around 125 members. Vote of thanks was proposed by Secretary CA Saket Bagdia.
We are working with Department for success of Scheme: CA Suren Duragkar
CA Suren Duragkar, Chairman of the Nagpur Branch of ICAI lauded the noble gesture and cordial approach of Bheemashankar, to share his words of wisdom with chartered accountants. He said, “Chartered accountants are working shoulder to shoulder with Department to ensure achieving the desired success with respect to scheme.”
He appreciated the move of the Government and conveyed that it is need of the hour for the authorities, professionals and tax payers, as well, to conclude the pending litigations. Also, GST Regime which is sufficient to take care of the desired transparency in the matter of complying with provisions prevailing in country, requires reducing undue burden of disputed issues and concentrating in the matter of effective implementation of the provisions of GST, he remarked.