The Government of Bihar has extended the “Bihar Settlement of Taxation Disputes Act, 2019″ for a period of 3 months.
The Governor of Bihar empowered under sub-section (3) of Section 1 of The Bihar Settlement of Taxation Disputes Act, 2019 issued the notification to extend “Bihar Settlement of Taxation Disputes Act, 2019″ for the period of 3 months from April 15, 2020, to July 14, 2020, with the immediate effect.
Government of Bihar on December 12, 2019, has enacted the Bihar Settlement of Taxation Disputes Act, 2019 for speedy and amicable settlement of taxation disputes. A dispute pending under the law may, on an application being made on this behalf by a party, be settled upon payment of the settlement amount. Leniency is allowed in deciding settlement amount and it can be as low as 10% of the disputed amount of penalty or interest or the fine in some cases.
However, the government keeping in view the adversities caused due to COVID-19 has extended the “Bihar Settlement of Taxation Disputes Act, 2019″ for the period of 3 months from April 15, 2020, to July 14, 2020.
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