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 on August 09, 2021.
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 Addressed | Disputed Tax Amount Settled (as per Declaration filed) (Rs. Crores) |
Payments against Disputed Tax (Rs. Crores) |
|
A |
B | C | D |
| 1,32,353 | 1,46,701 | 99,756 |
53,684 |
The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1744134