Current Affairs · Government Schemes
Consider the following statements regarding the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019: I. It was introduced to resolve disputes related to Goods and Services Tax (GST) and Direct Taxes. II. It offered relief from penalties, interest, and prosecution for taxpayers settling past indirect tax disputes. III. It applied to Service Tax, Central Excise, and 26 other indirect tax enactments subsumed under GST. IV. Revenue authorities are allowed to reopen cases even after a discharge certificate is issued under this scheme. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1II, III and IV only
- 2I and IV only
- 3I, II and IV only
- 4II and III only✓
Correct answer
II and III only
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