CBIC Issues Clarifications On The Sabka Vishwas Scheme

The Central Board of Indirect Taxes and Customs (CBIC) has issued clarifications on the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 (the Scheme) announced in the Union Budget 2019. The key clarifications have been captured in this alert.

It has been clarified that voluntary disclosures are eligible under the Scheme barring the specified exclusions mentioned in the Scheme.Â

SCN covering multiple issues

In relation to declaration being filed under the Scheme in respect of a Show Cause Notice (SCN) covering multiple issues, all issues have to be covered under the declaration. Thus, the applicant cannot be selective about the issues/disputes covered in a SCN which he wishes to cover in his declaration under the Scheme.