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The Government is providing waiver on service tax, excise disputes. Should you go for it?

The Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 was introduced in the Budget 2019 with an aim to resolve pending litigation under Central Excise, Service Tax and specified Cesses including Education Cess, Krishi Kalyan Cess and Swachh Bharat Cess etc. The scheme waives of up to 70% of the tax dues and 100% of interest and penalty. This scheme is different from past various schemes such as Voluntary Compliance Encouragement Scheme (VCES) since earlier only interest and penalty was waived, LDS is, however, offering waiver of the tax itself along with interest, penalty and prosecution. 


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