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TMI BlogSabka Vishwas Scheme Voluntary Disclosure verification subsequentlyX X X X Extracts X X X X X X X X Extracts X X X X ..... An application is filed under SVLDRS under voluntary disclosure category. However, now the department range officer wishes to initiate inquiry and called for verification of documents under section 129 (2) (c) of Finance Act, 2019 (2) . In our view such verification cannot be called for under section 129(2)(c) or under any section of SVLDRS. 129(2)(c) : in a case of voluntary disclosure ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... where any material particular furnished in the declaration is subsequently found to be false, within a period of one year of issue of the discharge certificate, it shall be presumed as if the declaration was never made and proceedings under the applicable indirect tax enactment shall be instituted. Please share your views - Reply By KASTURI SETHI - The Reply = The following are exceptions to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... conclusiveness of discharge certificate under Section 129(2) : 1. The department can issue SCN for the same matter for a subsequent period ; OR 2. For a different matter for the same period. Pl. read carefully. Matter may be same but period will different. Matter may be different but period will be same for the purpose of investigation. - Reply By Parimal Kulkarni - The Reply = ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Thank you for your reply to which I agee. The question here is they want to verify the declaration of SVLDRS. So the matter and period is the same for which declaration is filed, which in my view is not covered. - Reply By Parimal Kulkarni - The Reply = If we read section 129 (2) it contains notwithstanding section 129(1) , so it appears they can pick up the voluntary declarations for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... verification under 129 (2) (c) . - Reply By KASTURI SETHI - The Reply = In order to clarify the concept, I am giving following hypothetical situation :- An illustration :- Suppose you have filed declaration for 15-16 and an issue involved was misclassification of service. The department can initiate investigation in the following ways :- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... First possibility : If the issue involved is of misclassification, the department can investigate for subsequent period i.e. from 16-17 onwards on the same issue. Second possibility : If the issue involved is other than the issue declared by you but the period is same i.e. 15-16 the department can initiate investigation for the period from 15-16 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and onwards for the purpose of recovery. In both the illustrations, the element of falsification is present. - Reply By KASTURI SETHI - The Reply = If declaration is correct and true and not hit by the elements of , Matter and Time , one need not worry. One should not be victim of phobia of the department. Let the department verify in routine fashion. - Reply B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y Parimal Kulkarni - The Reply = Yes. agree. However, it is important to check legal provisions so both sides do not exceed their limits. - Reply By Ganeshan Kalyani - The Reply = The department might have found some query / doubt wrt declaration filed and want to verify the same. Hence, they are investigating u/s 129(2)(c) which allows the authority to do so. And I agree with both of your vi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ews also. - Reply By KASTURI SETHI - The Reply = Sh.Kulkarni Ji, Yes. You are absolutely right. - Sabka Vishwas Scheme Voluntary Disclosure verification subsequently - Query Started By: - Parimal Kulkarni Dated:- 7-11-2020 Service Tax - Got 8 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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