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Why the government should consider restoring the Income Tax Settlement Commission

Why the government should consider restoring the Income Tax Settlement Commission
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

United States , United Kingdom , Revenue Service , Wanchoo Committee , High Risk Corporates Programme , Union Budget , Resolution Committee , Income Tax Settlement Commission , Income Tax Department , Resolution Panel , Sabka Vishwas Scheme , Dispute Resolution Panel , Her Majesty , Alternate Dispute Resolution , Collaborative Dispute Resolution , Fast Track Settlement , Fast Track Mediation , Post Appeals Mediation , Rapid Appeals Process , Dispute Resolution Committee , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , வருவாய் சேவை , உயர் ஆபத்து கார்ப்பரேட்டுகள் ப்ரோக்ராம் , தொழிற்சங்கம் பட்ஜெட் , தீர்மானம் குழு ,

Companies opt for tax settlement scheme, face probe

Synopsis
Sabka Vishwas (Legacy Dispute Resolution) Scheme, or SVLDR, was introduced to clear the backlog of erstwhile indirect tax disputes for companies to get over with service tax and other ongoing disputes. The scheme, introduced in 2019, was aimed at freeing “a large number of small taxpayers of their pending disputes with the tax administration”.
Many companies that approached the indirect tax department to settle tax disputes under Sabka Vishwas Scheme are now under the taxman’s lens for evading tax. In several notices issued to such companies, the tax department claims its investigations revealed the companies had not paid taxes under the pre-GST tax regime. ....

Sabka Vishwas Scheme , Legacy Dispute Resolution , Tax Settlement Scheme , Tax Settlement , Tax Departments , Goods And Services Tax , சப்கா விஸ்வாஸ் திட்டம் , மரபு தகராறு தீர்மானம் , வரி தீர்வு திட்டம் , வரி தீர்வு , வரி செலுத்துவோர் , வரி துறைகள் , பொருட்கள் மற்றும் சேவைகள் வரி ,