The State Government of Bihar notified 21 September, 2020, as the date on which the provisions of the Bihar Settlement of Taxation Disputes (Second) Rules, 2020, shall come into force.
The Government of Bihar through the notification dated 21st September 2020 has published the Bihar Settlement of Taxation Disputes (Second) Rules, 2020, which provides for a timely procedure for the settlement of tax related disputes.
The rules say that any party wishing to settle a dispute, shall furnish to the authority a duly completed and signed application in FORM-I. The authority shall verify the application form in two days and issue the deficiency form in case of incomplete application Form.
Otherwise, the authority shall promptly inform the settlement amount to the applicant. The authority shall, within two days of the deposit of the entire settlement amount, make an order in FORM-VI settling the dispute.
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