News

Last date to pay dues under Sabka Vikas Scheme pushed to June 30

Our Burea Chennai | Updated on June 23, 2020 Published on June 23, 2020

The last date for payment of dues by taxpayers/applicants determined under the Sabka Viswas (Legacy Dispute Resolution) Scheme, 2019, (SVLDRS) has been pushed to June 30.

Taxpayers/applicants who have been been issued SVLDRS-3 and have not yet paid the dues under the scheme have been asked to pay it on or before the due date, said a press release issued by Principal Chief Commissioner’s office, Tamil Nadu & Puducherry, GST & CE, Chennai.

Penalties

Without payment of the amount determined under the scheme, the applicant will not be discharged from the tax, interest and penalty liabilities owed to the government. If the amount determined is not paid within the due date, the applicant’s position as a defaulter will be restored as existed prior to the start of the scheme and will lose all relief - tax relief of 40 per cent or 60 per cent - as the case may. The penalty proceedings related to prosecution before the appropriate Court will stand restored, the release said.

Tax payers/applicants are requested to pay the payment as determined under the scheme on or before June 30. There is no possibility of further extension of the scheme, the release said.

Published on June 23, 2020

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
Trump move on non-immigrant visas may not hit Indian IT firms hard