Govt considering new 1-time tax Amnesty scheme to reduce litigation, may be announced in budget 2023

As per the recent tweet by CNBC-TV18, sources say Government considering a new 1-time tax Amnesty scheme to reduce litigation, which may be announced in budget 2023.

  • New 1-Time Tax Amnesty/Dispute Resolution Scheme May Be Announced In Budget 2023
  • CBIC, CBDT Studying Possible Contours Of New Amnesty/Dispute Resolution Scheme
  • New 1-Time Tax Amnesty Scheme To Build On Success Of Similar Older Schemes
  • New Dispute Resolution Scheme A Chance To Offload Burden Of Probable Future Liability
  • Amnesty Scheme May Expedite 33,653 Customs Cases Worth 38,293 Cr Stuck In Litigation
  • CBIC Collected 38,000 Cr Under 2019 Sabka Vishwas Legacy Dispute Resolution Scheme
  • CBDT Collected 54,000 Cr Under Vivad Se Vishwas Scheme Of 2020

  • CBDT Mulls Giving Chance For Self-declaration To Settle Existing Tax Demands
  • CBDT Mulls Expanding Ambit Of Amnesty Scheme To Cases Under Appeal At Various Fora
  • CBDT Mulls Allowing Withdrawal Of Appeal On Payment Of Full Tax, Interest & Penalty
  • CBDT Mulls Amnesty With Penalty Of 10% On Disputed Tax If Matter Pending Before CIT(A)
  • CBDT Mulls Amnesty With Penalty Of 20% Of Disputed Tax For Matters Pending Before ITAT
  • CBIC Mulls Dispute Resolution Scheme w.r.t Matters Involving Customs Duty
  • CBIC’s Amnesty Scheme May Cover Disputes Over Classification, Valuation, Exemptions

Source from: https://twitter.com/CNBCTV18Live/status/1611282553864089600?t=kQZdKcxYI9r-RIKul84Evw&s=19

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