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August 11, 2021

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

by CA Shivam Jaiswal in Income Tax

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.

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

Current Status declarations filed under Vivad Se Vishwas Scheme

Count of Form-1 Filed (cases settled)Number of Disputes AddressedDisputed Tax Amount Settled (as per Declaration filed) (Rs. Crores)Payments against Disputed Tax (Rs. Crores)
ABCD
1,32,3531,46,70199,75653,684

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