Direct Tax “Vivad se Viswash”Bill 2020 - GST System -
As you are
in the recent Budget,
Hon’ble Finance Minister launched a new scheme
namely ‘Vivad Se Vishwas’ scheme
for settlement of long drawn litigations related to direct taxes.
The highlights of the scheme are as under:-
proposed scheme, a tax payer would be required to pay only the
amount of the disputed taxes and get complete a waiver of interest
and penalty provided he/she pays by 31 March 2020.
avail this scheme after 31 March 2020 will have to pay some
additional amount, which shall be notified by the
scheme will remain open until 30 June 2020.
in whose cases appeals are pending at any level can benefit from
taxpayers will make use of this opportunity to get relief from
vexatious litigation process.
case you are interested to avail the scheme and are facing problems
/ issues, do share it with us at email@example.com on or before
13th March 2020. A copy of “Vivad se Viswash” Bill
2020 is attached herewith for your ready reference.