CHAPTER XI
THE INDIRECT TAX DISPUTE RESOLUTION SCHEME, 2016
Short title, application and commencement
209. (1) This Scheme may be called the Indirect Tax Dispute Resolution Scheme, 2016.
(2) It shall be applicable to the declarations made up to the 31st day of December, 2016.
(3) It shall come into force on the 1st day of June, 2016.
Notes on Clauses:
Clauses 209 to 215 of the Bill seeks to insert new Chapter XI to provide for the Indirect Tax Dispute Resolution Scheme, 2016.
The said Scheme provides for settlement of the disputes pending before the Commissioner (Appeal) as on the 1st March, 2016, on payment of tax dues along with interest and twenty-five per cent. of the penalty imposed by the impugned order. The said scheme is applicable to the declarations made upto the 31st day of December, 2016.
