The government is considering a Goods and Services Tax (GST) dispute settlement scheme offering a one-time opportunity for businesses to settle tax cases and avoid litigation, officials aware of the development said.
The scheme will need to be approved by the GST Council, the apex decision-making body for the indirect tax.
“Discussions are on to allow businesses to settle cases, and once we are ready with the details, it may be taken to the Council,” a government official told ET.
The idea is to de-clutter courts and dispose of cases arising because of differences in the interpretation of GST provisions, the official said.
The GST Council is already working on dedicated tribunals for dispute resolution.
“There are instances where the department has spent more money on pursuing the litigation than the tax claims,” a second official said, making a case for this one-time settlement scheme. The industry has also approached the government seeking such a scheme, people in the know said.
https://economictimes.indiatimes.com/news/economy/policy/one-time-offer-to-settle-minor-gst-offences-in-works/articleshow/94951015.cms
