the Government of Bihar vide notification dated 21st September 2020 has published the Bihar Settlement of Taxation Disputes (Second) Rules, 2020, In exercise of the power conferred by the Bihar Settlement of Taxation Disputes Ordinance, 2020. The Rules provides for a timely procedure for settlement of tax related disputes.
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.
