What are the basic objective of Settlement Commission?


The basic objectives of setting up of the    Settlement Commission are:-

i. to provide an alternate channel for dispute resolution for the taxpayer;

ii. to expedite payment of GST involved in disputes by avoiding costly and time consuming litigation process;

iii. to provide an opportunity to tax payers to come clean who may have evaded payment of tax;

iv. to serve as a forum for the taxpayer to apply for settlement of their cases, on the basis of true and complete disclosure of their tax liability;

v. to encourage quick settlement of disputes and savethebusinessfromtheworriesofprosecution in certain situations.


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