Sabka Vishwas Scheme Application Form for the year of 2020 has been released by the Ministry of Finance- Department of Revenue. The Online Application Form of Sabka Vishwas Scheme will be available between the Dates of 01-09-2019 to 31-12-2019. Under Legacy Dispute Resolution Scheme Central Government are inviting trade and business to avail this Opportunity.
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About Sabka Vishwas Legacy Dispute Resolution
After the mega indirect tax reform GST a good and simple tax pop one nation one tax one market the government of India introduced Sabka Vishwas Scheme 2020 for settlings tax all pending litigations and dispute of legacy service and central exercise and the freeing the taxpayers to focus on GST. Honorable Finance Minister Mrs. Nirmala Sitharaman while proposing Sabka Vishwas Scheme in the budget said that we have huge pending litigations from Pre GST Regime, there is need to unknown this package and allow businesses to move on.
Overview of Sabka Vishwas Scheme
|Scheme Name||Sabka Vishwas Yojana|
|Launched by||Mrs. Nirmala Sitharaman|
|Department||Department of Revenue|
|Beneficiary||Taxpayers of India|
|Mode of Application||Online|
|Start date to Apply||1st September 2019|
|Last date to Apply||31st December 2019|
|Benefits||Solution of Tax Disputes|
|Type of Scheme||Central Govt.|
About Sabka Vishwas Scheme
Legacy Dispute Resolution Scheme is a one-stop solution for liquidation of all pending disputes of service tax, central excise and 26 allied indirect tax acts consensus. it is a Golden Opportunity offer to taxpayers to settle past cases by paying very nominal taxes. It is specially tailored to benefit small taxpayers settle case pending in litigation appeal, inquiry, investigation and audit by paying only 30 percent of tax debts tubes. It is automated electronic payment no interface with the tax officer’s decision within 60 days of application scheme.
Benefits of Sabka Vishwas Scheme
|In Cases pending in Litigation, Appeal, Enquiry, Investigation and Audit||Amount|
|Duty up to Rs. 50 lakh||Pay only 30% of duty|
|Duty more than Rs. 50 lakh||Pay only 50% of duty|
|In case of tax arrears||Amount|
|Duty upto 50 lakh||Pay only 40% of duty|
|Duty more than Rs. 50 lakh –||Pay only 60% of duty|
|If you voluntarily discloses any past dues||simply pay the due amount only|
Document Required In SVLDRS Application Form
- Pan Card
- Aadhaar Card
- Address Proof
- Income Tax Details
- Email ID
- Mobile Number
How to Fill Sabka Vishwas Scheme Application Form 2020
- The small taxpayers who want to register their dispute under the Sabka Vishwas Yojana, firstly they have to submit an online application form at the official website.
- At the homepage of Government of India Sabka Vishwas Legacy Dispute Resolution, you will find “SVLDRS Scheme Application Form” Option
- After the successful Registration under Sabka Vishwas Program you have to go for SVLDRS Login Section.
- Now after the successful login Fill SVLDRS Application Form.
- Check all the details carefully and click on the final submission button.
- In the last of submitting SVLDRS Online Application Form take a print out and keep it safe for future.
cbic-gst.gov.in Official Website | SVLDRS 2020 Web Portal
It is the official website of Central Government Ministry of Finance Revenue Department Official website. This website is specially designed to Solve Disputes regarding legacy service and central exercise. Any taxpayer may fill the online application form and avail the benefits of the scheme.