INDIRECT TAX DISPUTE RESOLUTION SCHEME, 2016 - Clauses 209 to ...

New Chapter XI Introduces Indirect Tax Dispute Resolution Scheme 2016 for Pending Appeals as of March 1, 2016.

March 5, 2016

Act Rules     Bill

INDIRECT TAX DISPUTE RESOLUTION SCHEME, 2016 - 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.

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