VSV news ⚠️-Rs 99,756 crore disputed tax amount settled under Vivad Se Vishwas scheme

Rs 99,756 crore disputed tax amount settled under Vivad Se Vishwas scheme

The scheme ‘Vivad Se Vishwas’ is a voluntary scheme for resolving pending direct tax disputes amicably with the taxpayers and no targets were fixed by the Government under the Scheme. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Lok Sabha today.

Giving more details, the Minister tabled data of cases settled and amount under the said scheme is as table below 

Press release can be accessed from below link

https://www.pib.gov.in/PressReleasePage.aspx?PRID=1744134

Author can be reached at cajayprakashpandcompany@gmail.com

The author, CA Jayprakash Pandey is a practicing Chartered Accountant (Founder of Jayprakash P & Company) having Office at Mumbai, with more than 5 years of professional cum practical experience, Direct Tax, International Taxation, Indirect Tax & FEMA related advisory, litigation & compliance matters.