Government Schemes Current Affairs - 2019
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Union Finance Ministry has notified Sabka Vishwas-Legacy Dispute Resolution Scheme, 2019, a dispute resolution and amnesty scheme to reduce legacy service tax and central excise cases. It will become operational from September 1, 2019 four months till December 31, 2019. It can be availed by taxpayers for closing their pending disputes relating to legacy Service Tax and Central Excise cases that are now subsumed under Goods and Services Tax (GST) so they can focus on GST.
About Sabka Vishwas-Legacy Dispute Resolution Scheme 2019
Objective: To free large number of small taxpayers of their pending disputes with the tax administration.
Two main components of Scheme:
(i) Dispute resolution: It is aimed at liquidating legacy cases of Central Excise and Service Tax that have been subsumed in GST and are pending in litigation at various forums.
(ii) Amnesty component: It provides opportunity to taxpayers to pay outstanding tax and be free of any other consequence under law.
Relief: It provides substantial relief in tax dues for all categories of cases as well as full waiver of interest, fine or penalty. It also provides for complete amnesty from prosecution.
This scheme was announced by Union Finance Minister Nirmala Sitharaman in her Budget speech 2019 to free large number of small taxpayers of their pending disputes with the tax administration. More than Rs 3.75 lakh crore is blocked in excise and service tax litigations.
Tags: Amnesty Scheme • dispute resolution • Finance Ministry • Government Schemes • Sabka Vishwas-Legacy Dispute Resolution Scheme 2019
16 states out of 18 selected states have signed Memorandum of Understanding (MoU) with Union Ministry of Textiles for skilling about 4 lakh workers as part of Scheme for Capacity Building in Textile Sector (SAMARTH).
16 states that have signed MoUs include Arunachal Pradesh, Kerala, Mizoram, Tamil Nadu, Telangana, Uttar Pradesh, Andhra Pradesh, Assam, Madhya Pradesh, Tripura, Karnataka,Manipur, Haryana, Meghalaya, Jharkhand and Uttarakhand. Jammu & Kashmir and Odisha earlier had agreed to be on board, but did not sign MoU.
Scheme for Capacity Building in Textile Sector (SAMARTH)
It is skill development scheme of Union Ministry of Textiles, covering the entire value chain of the textile sector excluding Spinning & Weaving in organized Sector. It was approved by Cabinet Committee on Economic Affairs (CCEA) in December 2017.
(i) Provide demand driven, placement oriented NSQF (National Skills Qualification Framework) Compliant skilling programme to incentivizeorganized textile and related sectors excluding Spinning and Weaving.
(ii) Promote skilling and skill up-gradation in the traditional sectors of handlooms, handicrafts, sericulture and jute.
(iii) Provide Sustainable livelihood to all sections of the society across the country
Implementation Target: Train 10 lakh persons (9 lakh in organised and 1 lakh in traditional sector) over period of 3 years (2017-20) with budgetary outlay of Rs. 1300 crore.
Features: Under it, skill gap and skilling requirements will be assessed and skills will be imparted accordingly. In addition to domain specific hard skills, 30 hours of soft skills will be also provided. Trainees will be assessed and certified by accredited Assessment Agency. It provides placement guarantee of 70% successful trainees (for courses in organised sector, all 70% have to be placed in wage employment, in courses of traditional sector, atleast 50% are to be placed in wage employment). It also makes mandatory for post placement tracking.