• Government has come up with measures to end the legacy indirect tax disputes and unlock a substantial amount of dues stuck at various courts under litigation and decided to provide a forum for defaulters to come clean and pay taxes. 
• CBIC has appointed four members to the Customs, Central Excise & Service Tax Settlement Commission. These special benches are now at Delhi, Mumbai, Chennai and Kolkata, and will start functioning on the legacy dispute matters very soon .The commission is now empowered under law to waive fines and penalty and recover taxes with interest.
• Experts said this provides the government's clear vision to end tax disputes and gives a much-needed platform to the industry and taxpayers to get their tax dispute settlements. It provides the government's clear vision to end tax disputes and gives a much-needed platform to the industry and taxpayers to get their tax dispute settlements done. 
• The industry can use this opportunity to settle the old disputes. Further, with disputed amount running in multiple crores and cash flow blocked on account of pre-deposits, easy resolution mechanism entails a win-win situation for both Government and the businesses with multiple SCN and disputes pending, it is a welcome move. 
• It is also opined, to be more effective, perhaps a power of interest waiver can also be considered, as in many cases the amount of interest could be more than the tax demand. One time dispute settlement scheme under GST will be a good idea as it has now completed five years and industry took time to settle into the new regime.

Source: https://www.cnbctv18.com/finance/tax-legacy-tax-dispute-india-wants-to-end-rs-2-lakh-crore-sets-up-new-commission-14928511.htm