The Finance Ministry reported the number of tax-related disputes pending in the country, the number of entities which have applied for dispute settlement under the “Vivad se Vishwas Scheme” till date, the details of the amount of money that was disputed and got resolved under the scheme.
The minister of state for finance, Anurag Singh Thakur said a total of 1,55,965 declarations have been submitted in DTVSV Form-1 till 10th March, 2021 under the ‘Vivad se Vishwas Scheme’.
“Upto 10th March, 2021, total disputed tax as per actionable 1,29,119 Form-1 was Rs. 98,354 Crore. Further, payment of Rs. 53,320 Crore has been made by the taxpayers upto 10th March, 2021, against the disputed tax under the Scheme,” he added.
Some applications for dispute resolution filed under the Scheme have been rejected. As on 10th March, 2021, a total of 26,846 DTVSV Form-1 have not been taken up.
As per the Finance Ministry 20,288 applications have been marked as inactive due to revised application being submitted by the taxpayers, 6,551 applications have been rejected due to various reasons including filing of appeal beyond limitation date, wrong submission of facts by assessee, no appeal pending as on 31.01.2020 etc. and 7 applications have been found invalid because of duplicity in PAN and the Assessment Year.
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