The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur


  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Business

“Settlement of Dispute Scheme under MVAT and CST: Boon for ignorant Tax payer”: CA. Shailendra Jain

by TLN Team April 4, 2019April 5, 2019
written by TLN Team April 4, 2019April 5, 2019

CA Shailendra Jain, an eminent faculty on the subject while addressing the gathering said that Government of Maharashtra has brought in the settlement scheme to clear all the unresolved disputes during pre-GST era right since BST and MVAT Act. He elaborated the various benefits covered in the scheme.To understand Salient features of Maharashtra Settlement of Arrears of Tax, Interest,Penalty or Late Fee Ordinance, 2019 and its procedural aspects related to various Acts administered by the Maharashtra Goods and Services Tax Department, the seminar has been organized by Nagpur Branch of WIRC of ICAI for its members.

He mentioned that: “Soul of the settlement Scheme is Disputed Taxes”

While analyzing the scheme, Shri Jain informed that Government has brought in the scheme for two different periods. One is for Disputes arising prior to 31.03.2010 and other is for disputes arising after 31.03.2010. Time limit for payment and duration of submission of application under 1st Phase of the scheme is between 1st April 2019 to 30th June 2019 and under 2nd Phase is 1st July 2019 to 31st July 2019. Taxes to be paid under the scheme is 100% of Undisputed Amount and for disputed amount it varies according to phases and period of Dispute.

  1. Jain further shared that Application should be made to designated Authority in prescribed format, in Form 1, if dispute is arsing against any statutory order and in Form 1A, in any other case. To meet the challenges of GST and focus on its implementation, the Department is planning to complete the pending work under the existing laws at earliest. For this, the Government, has taken series of legislative steps like risk based criteria for selection of cases for assessment, criteria for dropping of certain pending assessment proceedings,allowing rectification of the assessment order where set off is disallowed due to non-confirmation etc, he said.

Chairman of Nagpur Branch CA Suren Duragkar welcomed all the delegates & assured all the members that representation will be made to the concerned authority for easing out the ordinance to pass on the benefits of the scheme to masses and requested all the members to propagate the scheme to the fullest, being last opportunity to clear old cases.

Regional Council Member CA Abhijit Kelkar, mentioned that this ordinance can be successful with the help of professionals and elaborated the need for such schemes by the government from time to time. He requested the commissioner of GST, to keep a broader view in few points in the ordinance so as to pass on the benefits of this scheme to larger sector of tax payers.

The Technical sessions was conducted by CA Akshay V Gulhane, Managing committee Member of Nagpur Branch of ICAI & formal vote of thanks proposed by Secretary CA. Sake tBagdia.

Prominently present on the occasion were CA Kirit Kalyani, Vice Chairman Nagpur Branch, CA Saket Bagdia, Secretary, CA Jiten Saglani, Treasurer, CA Sanjay Agrawal, WICASA Chairman & CA. Harish Rangwani, Executive Committee Members, along with other registered delegates.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
City Athlete Nikita to represent India in Italy
next post
Choukidar will be sent to Jail after conducting inquiry thunders Rahul Gandhi

You may also like

Action taken against 31 businessmen  for selling products...

May 17, 2022

Rupee hits all-time low against Dollar

May 17, 2022

NARENDRA MODI’S GOVERNMENT WILL ADDRESS ALL GST ISSUES...

May 15, 2022

Udyamita Yatra to reach city on May 24

May 13, 2022

Swiggy shuts down Supr Daily, suspend Swiggy Genie

May 11, 2022

VIA LEW conducted seminar on “Role of Technology...

May 11, 2022

Rupee touches all-time low of Rs 77.42 against...

May 10, 2022

Coal India is the third largest corporate spender...

May 8, 2022

Parag Agrawal’s wife linked with Musk’s $44 bn...

May 8, 2022

Valediction Ceremony of the 74th Batch of Indian...

April 28, 2022

Trending News

  • Mini MBA course in just one rupee, know how

    May 17, 2022
  • Know how to block spam calls on iPhone

    May 16, 2022
  • India reeling under 50°Celsius is a matter of concern

    May 16, 2022
  • Rohit Sharma, K L Rahul to be rested for T20 series

    May 15, 2022
  • Australian Cricket Star Andrew Symonds Dies In Car Crash

    May 15, 2022

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

April 2019
M T W T F S S
« Mar   May »
1234567
891011121314
15161718192021
22232425262728
2930  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.