Vivad Se Viswas: Esquema de resolución de disputas fiscales | Sin multas ni intereses

The Government has approved the Direct Tax Vivad Se Viswas bill for providing resolutions to multiple pending tax litigations and collecting cash before the year-end. 

1. What is Vivad Se Viswas Scheme?

Budget 2020 introduced a bill in the Parliament containing details of the Direct Tax Dispute Settlement Scheme- Vivad Se Viswas. 

This bill proposes discounted or less payment for the dispute settlement. The condition is- only if the taxpayer makes the payment before or on 31st March 2020. 

If any taxpayer wants to avail the benefit of this bill after or on April 1st, 2020, he/she has to pay a certain percentage of disputed penalty, or interest, or fee. 

As per the bill, the Government is yet to notify the last date of the Vivad Se Viswas scheme. However, Nirmala Sitharaman, the Finance Minister of India, mentioned June 30, 2020, is the last date of the scheme in her budget speech. 

2. The Objective of Vivad Se Viswas Scheme

The main objective of Vivad Se Viswas Scheme is covering all the matters pending (before 31st January 2020) on any appellate forum. Now the taxpayers can end their ongoing tax disputes by withdrawing their appeals. Not only that but also by filing a declaration form, and paying the disputed tax. 

As per the Vivad Se Viswas bill, the taxpayer needs to pay the same amount, as the designated authority has determined in the certificate within 15 days span, which starts from the date of receiving the same. Next, the taxpayer has to intimate the details of this payment to the designated authority in the provided form, and after that, the designated authority must pass an order, which will state that the taxpayer has paid the amount. 

3. Current Situation of Dispute

At the present time, 4.83 lakh direct tax cases are pending in different appellate forums. Ex- Income Tax Appellate Tribunal (ITAT), Commissioner (Appeals), High Court, and Supreme Court. But with the Vivad Se Viswas scheme, now a taxpayer needs to pay only the disputed tax amount. Alongside, the person will get all waiver of interest and penalty. Here is a condition- only if the taxpayer pays the disputed amount before or on 31st March 2020.

4. Benefits of the Scheme

Vivad Se Viswas scheme will bring finality to all those tax litigation, pending for a long time for the taxpayers and in various appellate platforms. If the tax authorities take this as a campaign and educate the taxpayers about the effectiveness of this scheme, the Government and taxpayers both will be in a win-win situation. 

5. Amount Payable for Resolution of Disputes

Here we have furnished the details of the payable amount corresponding to the deadline-

6. The Exclusion from the Vivad Se Viswas Scheme

Those taxpayers who have tax arrears regarding disputes won't be able to avail of the Vivad Se Viswas scheme. Type of tax arrears related disputes are as follows- 

1. Disputas relacionadas con un año fiscal para el cual se ha realizado una evaluación según la sección 153A o la sección 153C de la Ley del Impuesto sobre la Renta, y si se refiere a algún atraso fiscal
2. Disputas relacionadas con un año fiscal para el cual se inició un proceso judicial antes de la fecha de presentación de la declaración
3. Disputas fiscales relacionadas con cualquier ingreso no declarado proveniente de una fuente fuera de la India o cualquier activo no declarado fuera de la India
4. Si un contribuyente ha apelado ante el Comisionado con respecto a cualquier disputa fiscal y se ha emitido una notificación bajo la sección 251 de la Ley del Impuesto sobre la Renta con respecto a esa apelación antes de la fecha especificada, la persona no será elegible
5. Disputas fiscales relacionadas con una evaluación o reevaluación realizada sobre la base de información recibida bajo un acuerdo que hace referencia a la sección 90 o la sección 90A de la Ley del Impuesto sobre la Renta, y si se refiere a algún atraso fiscal, el contribuyente no puede acogerse al programa Vivad Se Viswas

7. Extention in dates of Vivad se Viswas Scheme

Since the day Vivad se Viswas scheme announce, there are several extension in the date of this scheme. Below table contain all dates for vivad se Vishwas extention.

Extensión de Vivad se Vishwas

¡Eso es todo! Hemos compartido toda la información sobre Vivad Se Viswas. Si aún tiene alguna duda, póngase en contacto con nuestros expertos.

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