One-time settlement of VAT, excise disputes in the works

India could consider offering a one-time settlement to clear legacy  central excise duty and value added tax ( VAT ) issues to ensure they do not linger and act as a drag in the goods and services tax regime. The  GST Council, the apex decision-making body for the tax, will take up the proposal at a meeting on August 4. The scheme, if approved, would allow officials to focus on GST compl…