Government of Bihar on 12th December 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 in 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 disputed amount of penalty or interest or the fine in some cases.
The State Government may prescribe the manner for filing and disposing of application.
Click here to read the Act.
