Sabka Vishwas Scheme FAQ: Everything You Need to Know
1. What is Sabka Vishwas Scheme?
The main objective is to reduce pending litigation and allow taxpayers to settle old tax disputes with relief in penalty and interest.
Taxpayers having pending disputes, show cause notices, or unpaid tax dues under Service Tax or Central Excise laws are eligible.
The scheme mainly covers Service Tax and Central Excise disputes before the GST regime.
Yes, individuals with eligible tax disputes can apply.
Yes, companies, firms, and LLPs with pending tax disputes can apply.
The scheme offers relief in tax dues, waiver of penalty and interest, and settlement of long-pending disputes.
Yes, in most cases penalty is completely waived.
Yes, interest is usually waived once the required tax amount is paid.
Yes, taxpayers with pending appeals before appellate authorities or courts can apply.
A show cause notice is issued by the tax department asking the taxpayer to explain unpaid tax liabilities.
Eligibility depends on the stage of investigation and scheme guidelines.
Voluntary disclosure allows taxpayers to declare previously unpaid taxes and settle them under the scheme.
Taxpayers can apply online through the official government portal by submitting the declaration form.
Yes, the declaration process is completed online.
The declaration form is a document submitted by taxpayers to declare their pending tax liabilities.
The Designated Committee appointed by the tax department verifies the declaration.
It is a committee responsible for reviewing declarations and determining the payable amount.
The payable amount is calculated based on tax dues and relief percentages provided under the scheme.
The committee verifies the details and issues a statement showing the final payable amount.
A discharge certificate confirms that the tax dispute has been fully settled.
It protects taxpayers from future proceedings related to that tax dispute.
No, payments made under the scheme are not refundable.
Generally, the full amount must be paid within the prescribed time.
Failure to pay within the deadline may cancel the benefits of the scheme.
No, the scheme mainly applies to disputes related to pre-GST taxes.
Yes, the status can be checked through the official portal.
Legal assistance is not mandatory but professional help can simplify the process.
Yes, authorized consultants can assist in filing the declaration.
Yes, the scheme is designed to reduce long-pending tax disputes.
Yes, partnership firms with eligible disputes can apply.
Disputes related to tax dues, show cause notices, appeals, and audits may be covered.
Yes, after settlement taxpayers may receive immunity from prosecution.
Yes, it helps small businesses settle disputes with reduced financial burden.
Yes, taxpayers can settle multiple disputes if they meet the eligibility criteria.
The government specifies the deadline for filing declarations.
Documents such as tax demand notices, case details, and tax records may be required.
The taxpayer may continue the dispute resolution process under regular tax laws.
The scheme aims to resolve legacy tax disputes and promote voluntary compliance.
IndianSalahkar provides expert assistance in eligibility assessment, documentation, and filing the declaration to ensure smooth settlement of tax disputes.